Blackrock Strategic Municipal Trust Fund (NYSE:BSD) announced a monthly dividend on Tuesday, September 3rd, NASDAQ reports. Investors of record on Monday, September 16th will be paid a dividend of 0.055 per share by the financial services provider on Tuesday, October 1st. This represents a $0.66 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date is Friday, September 13th.
Blackrock Strategic Municipal Trust Fund has decreased its dividend payment by an average of 3.6% per year over the last three years.
Shares of BSD traded up $0.13 during trading hours on Thursday, hitting $14.83. 19,262 shares of the stock were exchanged, compared to its average volume of 17,690. Blackrock Strategic Municipal Trust Fund has a 12-month low of $11.58 and a 12-month high of $14.90. The stock’s 50-day moving average price is $14.32 and its two-hundred day moving average price is $13.64.
BlackRock Strategic Municipal Trust 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 quality municipal bonds that are exempt from federal income taxes.
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