Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI) declared a monthly dividend on Thursday, January 2nd, Zacks reports. Investors of record on Wednesday, January 15th will be given a dividend of 0.045 per share on Monday, February 3rd. This represents a $0.54 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend is Tuesday, January 14th. This is an increase from Blackrock Muni Intermediate Drtn Fnd’s previous monthly dividend of $0.04.
Blackrock Muni Intermediate Drtn Fnd has decreased its dividend payment by an average of 14.2% per year over the last three years.
NYSE MUI traded up $0.11 during mid-day trading on Friday, hitting $14.58. The company’s stock had a trading volume of 79,104 shares, compared to its average volume of 58,371. Blackrock Muni Intermediate Drtn Fnd has a 52-week low of $12.93 and a 52-week high of $14.78. The stock’s fifty day simple moving average is $14.22 and its two-hundred day simple moving average is $14.22.
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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