BlackRock Insured Municipal Income Inves (NYSE:BAF) announced a monthly dividend on Tuesday, December 4th, Wall Street Journal reports. Shareholders of record on Thursday, December 13th will be paid a dividend of 0.0585 per share on Monday, December 31st. This represents a $0.70 annualized dividend and a yield of 5.40%. The ex-dividend date of this dividend is Wednesday, December 12th. This is an increase from BlackRock Insured Municipal Income Inves’s previous monthly dividend of $0.06.
BlackRock Insured Municipal Income Inves has decreased its dividend by an average of 5.9% per year over the last three years.
Shares of NYSE BAF opened at $13.01 on Wednesday. BlackRock Insured Municipal Income Inves has a 1 year low of $12.44 and a 1 year high of $15.35.
BlackRock Insured Municipal Income Inves Company Profile
BlackRock Municipal Income Investment Quality Trust 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 of United States. It primarily invests in municipal bonds exempt from federal income taxes, including the alternative minimum tax and also in municipal bonds that are investment grade quality at the time of investment.
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