BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Announces $0.05 Monthly Dividend

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) declared a monthly dividend on Wednesday, January 5th, Wall Street Journal reports. Investors of record on Friday, January 14th will be paid a dividend of 0.0455 per share by the investment management company on Tuesday, February 1st. This represents a $0.55 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date is Thursday, January 13th.

BlackRock MuniAssets Fund has raised its dividend payment by 14.4% over the last three years.

NYSE MUA opened at $14.85 on Wednesday. BlackRock MuniAssets Fund has a one year low of $14.20 and a one year high of $17.72. The company’s 50-day simple moving average is $15.54 and its two-hundred day simple moving average is $15.81.

Institutional investors and hedge funds have recently made changes to their positions in the business. Morgan Stanley lifted its position in BlackRock MuniAssets Fund by 6.9% in the third quarter. Morgan Stanley now owns 202,059 shares of the investment management company’s stock valued at $3,069,000 after buying an additional 13,069 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of BlackRock MuniAssets Fund by 7.5% in the third quarter. LPL Financial LLC now owns 27,722 shares of the investment management company’s stock valued at $421,000 after acquiring an additional 1,939 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of BlackRock MuniAssets Fund by 1.0% during the second quarter. Wells Fargo & Company MN now owns 112,638 shares of the investment management company’s stock worth $1,899,000 after purchasing an additional 1,081 shares during the period. Finally, Keudell Morrison Wealth Management raised its position in BlackRock MuniAssets Fund by 0.6% in the third quarter. Keudell Morrison Wealth Management now owns 139,333 shares of the investment management company’s stock worth $2,116,000 after acquiring an additional 770 shares in the last quarter. 9.62% of the stock is currently owned by institutional investors.

About BlackRock MuniAssets Fund

BlackRock MuniAssets 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 seeks to provide current income exempt from federal income taxes by investing primarily in a portfolio of medium-to-lower grade or unrated municipal obligations the interest on which is exempt from federal income taxes.

See Also: Growth and Income Funds

Dividend History for BlackRock MuniAssets Fund (NYSE:MUA)

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