BlackRock Municipal Income Trust II (BLE) to Issue Monthly Dividend of $0.06 on April 1st

BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE) announced a monthly dividend on Monday, March 4th, Wall Street Journal reports. Stockholders of record on Friday, March 15th will be given a dividend of 0.058 per share on Monday, April 1st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date is Thursday, March 14th.

BlackRock Municipal Income Trust II has decreased its dividend payment by an average of 5.3% annually over the last three years.

Shares of BlackRock Municipal Income Trust II stock traded down $0.03 during trading hours on Wednesday, reaching $14.23. The company’s stock had a trading volume of 5,124 shares, compared to its average volume of 68,849. BlackRock Municipal Income Trust II has a one year low of $12.34 and a one year high of $14.55.



In other news, insider Theodore R. Jaeckel, Jr. purchased 2,446 shares of the company’s stock in a transaction that occurred on Monday, December 17th. The stock was purchased at an average cost of $12.76 per share, with a total value of $31,210.96. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

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About BlackRock Municipal Income Trust II

BlackRock Municipal Income Trust II is a diversified, closed-end management investment company. The Trust’s investment objective is to provide current income exempt from regular federal income tax. The Trust seeks to achieve its investment objective by investing primarily in municipal bonds exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax).

Read More: Depreciation

Dividend History for BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE)

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