BlackRock Muni Income Investment Trust (BBF) to Issue $0.06 Monthly Dividend

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.



In related news, insider Theodore R. Jaeckel, Jr. purchased 3,466 shares of the firm’s stock in a transaction on Friday, December 14th. The stock was bought at an average cost of $12.21 per share, with a total value of $42,319.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Theodore R. Jaeckel, Jr. purchased 3,075 shares of the firm’s stock in a transaction on Wednesday, December 26th. The stock was bought at an average cost of $12.00 per share, with a total value of $36,900.00. The disclosure for this purchase can be found here. Insiders acquired 6,551 shares of company stock valued at $79,346 over the last three months.

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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.

Read More: Book Value Of Equity Per Share – BVPS Explained

Dividend History for BlackRock Muni Income Investment Trust (NYSE:BBF)

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