Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI) announced a monthly dividend on Monday, March 4th, Wall Street Journal reports. Stockholders of record on Friday, March 15th will be paid a dividend of 0.0445 per share on Monday, April 1st. This represents a $0.53 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date is Thursday, March 14th.
Blackrock Muni Intermediate Drtn Fnd has decreased its dividend payment by an average of 7.4% per year over the last three years.
NYSE:MUI traded down $0.02 during trading hours on Wednesday, hitting $13.81. The company’s stock had a trading volume of 6,781 shares, compared to its average volume of 128,746. Blackrock Muni Intermediate Drtn Fnd has a twelve month low of $12.30 and a twelve month high of $13.88.
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.
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