BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) Plans $0.06 Monthly Dividend

BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, April 15th will be paid a dividend of 0.057 per share on Thursday, May 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.93%. The ex-dividend date of this dividend is Tuesday, April 15th.

BlackRock Investment Quality Municipal Trust has decreased its dividend payment by an average of 5.7% annually over the last three years.

BlackRock Investment Quality Municipal Trust Trading Down 0.2 %

NYSE BKN traded down $0.02 during mid-day trading on Thursday, hitting $11.53. The company’s stock had a trading volume of 49,064 shares, compared to its average volume of 52,585. BlackRock Investment Quality Municipal Trust has a 52-week low of $11.01 and a 52-week high of $13.16. The stock’s fifty day simple moving average is $11.54 and its two-hundred day simple moving average is $11.91.

BlackRock Investment Quality Municipal Trust Company Profile

BlackRock Investment Quality Municipal Trust 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 invests primarily in investment grade municipal bonds municipal obligations exempt from federal income taxes.