BlackRock MuniHoldings Investment Quality Fund (NYSE:MFL) to Issue Monthly Dividend of $0.05

BlackRock MuniHoldings Investment Quality Fund (NYSE:MFL) announced a monthly dividend on Tuesday, October 5th, Wall Street Journal reports. Stockholders of record on Friday, October 15th will be paid a dividend of 0.0485 per share by the investment management company on Monday, November 1st. This represents a $0.58 annualized dividend and a dividend yield of 4.05%. The ex-dividend date of this dividend is Thursday, October 14th.

BlackRock MuniHoldings Investment Quality Fund has decreased its dividend payment by 35.3% over the last three years.

Shares of MFL opened at $14.37 on Wednesday. The company’s 50 day simple moving average is $14.86 and its 200-day simple moving average is $14.71. BlackRock MuniHoldings Investment Quality Fund has a 12-month low of $12.97 and a 12-month high of $15.25.

An institutional investor recently raised its position in BlackRock MuniHoldings Investment Quality Fund stock. Morgan Stanley increased its stake in shares of BlackRock MuniHoldings Investment Quality Fund (NYSE:MFL) by 1.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,900,263 shares of the investment management company’s stock after purchasing an additional 32,443 shares during the quarter. Morgan Stanley owned approximately 5.01% of BlackRock MuniHoldings Investment Quality Fund worth $28,067,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 22.70% of the company’s stock.

BlackRock MuniHoldings Investment Quality Fund Company Profile

BlackRock MuniHoldings Investment Quality Fund operates as closed end management investment company. Its investment objective is to provide shareholders with current income exempt from federal income tax and to provide shareholders with the opportunity to own shares the value of which is exempt from Florida intangible personal property tax.

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Dividend History for BlackRock MuniHoldings Investment Quality Fund (NYSE:MFL)

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