BlackRock Muni Income Investment Trust (NYSE:BBF) declared a monthly dividend on Monday, February 4th, Wall Street Journal reports. Shareholders of record on Friday, February 15th will be paid a dividend of 0.058 per share on Friday, March 1st. This represents a $0.70 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date is Thursday, February 14th.
BlackRock Muni Income Investment Trust has decreased its dividend payment by an average of 1.6% per year over the last three years.
Shares of NYSE:BBF opened at $12.95 on Friday. BlackRock Muni Income Investment Trust has a 12-month low of $11.80 and a 12-month high of $14.17.
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About BlackRock Muni Income Investment Trust
BlackRock Municipal Income Investment Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of United States. The fund primarily invests in investment grade municipal bonds exempt from federal income taxes.
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