BlackRock Municipal Income Fund, Inc. Plans Monthly Dividend of $0.06 (NYSE:MUI)

BlackRock Municipal Income Fund, Inc. (NYSE:MUI) announced a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Investors of record on Wednesday, January 15th will be given a dividend of 0.055 per share on Monday, February 3rd. This represents a $0.66 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date is Wednesday, January 15th.

BlackRock Municipal Income Fund has decreased its dividend by an average of 10.3% per year over the last three years.

BlackRock Municipal Income Fund Price Performance

Shares of BlackRock Municipal Income Fund stock traded up $0.05 during midday trading on Friday, hitting $12.25. 60,449 shares of the company were exchanged, compared to its average volume of 85,375. The firm has a 50 day simple moving average of $12.46 and a 200-day simple moving average of $12.44. BlackRock Municipal Income Fund has a 52 week low of $11.35 and a 52 week high of $12.83.

BlackRock Municipal Income Fund Company Profile

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.