Blackrock MuniEnhanced Fund Inc. (NYSE:MEN) declared a monthly dividend on Tuesday, September 3rd, NASDAQ reports. Shareholders of record on Monday, September 16th will be paid a dividend of 0.039 per share by the closed-end fund on Tuesday, October 1st. This represents a $0.47 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date of this dividend is Friday, September 13th.
Blackrock MuniEnhanced Fund has decreased its dividend payment by an average of 4.4% per year over the last three years.
MEN stock traded down $0.06 during midday trading on Thursday, reaching $11.45. The company had a trading volume of 34,860 shares, compared to its average volume of 64,239. The stock has a 50 day moving average price of $11.36 and a 200 day moving average price of $10.95. Blackrock MuniEnhanced Fund has a fifty-two week low of $9.63 and a fifty-two week high of $11.55.
BlackRock MuniEnhanced 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 the fixed income markets of the United States. It primarily invests in investment grade, long-term municipal bonds that are exempt from federal income taxes.
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