BlackRock Municipal Income Fund, Inc. (NYSE:MUI – Get Free Report) announced a monthly dividend on Thursday, August 1st, Zacks reports. Shareholders of record on Thursday, August 15th will be given a dividend of 0.055 per share on Tuesday, September 3rd. This represents a $0.66 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date of this dividend is Thursday, August 15th.
BlackRock Municipal Income Fund has decreased its dividend by an average of 10.3% annually over the last three years.
BlackRock Municipal Income Fund Price Performance
NYSE MUI traded up $0.02 during trading on Friday, reaching $12.41. The company’s stock had a trading volume of 203,559 shares, compared to its average volume of 183,350. The business has a 50-day moving average price of $12.27 and a 200-day moving average price of $11.97. BlackRock Municipal Income Fund has a 1-year low of $9.73 and a 1-year high of $12.46.
About BlackRock Municipal Income Fund
BlackRock Muni Intermediate Duration Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It primarily invests in investment grade municipal bonds exempt from federal income taxes and with a duration of three to ten years at the time of investment.
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