BlackRock Insured Municipal Income Inves (NYSE:BAF) announced a monthly dividend on Thursday, January 2nd, Zacks reports. Investors of record on Wednesday, January 15th will be given a dividend of 0.052 per share on Monday, February 3rd. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date of this dividend is Tuesday, January 14th. This is an increase from BlackRock Insured Municipal Income Inves’s previous monthly dividend of $0.05.
BlackRock Insured Municipal Income Inves has decreased its dividend payment by an average of 9.1% annually over the last three years.
NYSE:BAF opened at $14.42 on Friday. BlackRock Insured Municipal Income Inves has a 12 month low of $13.12 and a 12 month high of $14.87. The business’s 50-day moving average is $14.30 and its 200 day moving average is $14.29.
BlackRock Municipal Income Investment Quality Trust 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 of United States. It primarily invests in municipal bonds exempt from federal income taxes, including the alternative minimum tax and also in municipal bonds that are investment grade quality at the time of investment.
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