BlackRock Investment Quality Municipal Trust Inc. Announces Monthly Dividend of $0.07 (NYSE:BKN)

BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) announced a monthly dividend on Wednesday, January 5th, Wall Street Journal reports. Shareholders of record on Friday, January 14th will be given a dividend of 0.068 per share on Tuesday, February 1st. This represents a $0.82 annualized dividend and a yield of 4.48%. The ex-dividend date is Thursday, January 13th.

BlackRock Investment Quality Municipal Trust has increased its dividend payment by 17.1% over the last three years.

BKN stock opened at $18.20 on Wednesday. The stock has a 50 day moving average price of $17.31. BlackRock Investment Quality Municipal Trust has a one year low of $16.75 and a one year high of $20.00.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada boosted its holdings in shares of BlackRock Investment Quality Municipal Trust by 13.5% in the 3rd quarter. Royal Bank of Canada now owns 19,293 shares of the company’s stock valued at $333,000 after purchasing an additional 2,300 shares during the last quarter. Morgan Stanley boosted its holdings in shares of BlackRock Investment Quality Municipal Trust by 7.8% in the 2nd quarter. Morgan Stanley now owns 147,595 shares of the company’s stock valued at $2,723,000 after purchasing an additional 10,682 shares during the last quarter. Finally, UBS Group AG boosted its holdings in shares of BlackRock Investment Quality Municipal Trust by 33.3% in the 3rd quarter. UBS Group AG now owns 141,774 shares of the company’s stock valued at $2,447,000 after purchasing an additional 35,432 shares during the last quarter. Institutional investors own 14.81% of the company’s stock.

BlackRock Investment Quality Municipal Trust Company Profile

BlackRock Investment Quality Municipal Trust, Inc is a closed-end investment fund. Its investment objective is to provide high current income exempt from regular federal income tax consistent with the preservation of capital. The company was founded on February 26, 1993 and is headquartered in Wilmington, DE.

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Dividend History for BlackRock Investment Quality Municipal Trust (NYSE:BKN)

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