BlackRock Municipal Income Quality Trust (NYSE:BYM) to Issue Monthly Dividend of $0.06

BlackRock Municipal Income Quality Trust (NYSE:BYM) declared a monthly dividend on Monday, January 3rd, Zacks reports. Investors of record on Friday, January 14th will be paid a dividend of 0.058 per share on Tuesday, February 1st. This represents a $0.70 annualized dividend and a yield of 4.49%. The ex-dividend date is Thursday, January 13th.

BlackRock Municipal Income Quality Trust has increased its dividend by 8.8% over the last three years.

Shares of NYSE:BYM opened at $15.49 on Wednesday. The stock’s 50-day moving average price is $15.49. BlackRock Municipal Income Quality Trust has a 1-year low of $14.60 and a 1-year high of $16.79.

Several hedge funds have recently made changes to their positions in the company. Invesco Ltd. increased its stake in shares of BlackRock Municipal Income Quality Trust by 2.7% in the 3rd quarter. Invesco Ltd. now owns 85,387 shares of the company’s stock valued at $1,303,000 after acquiring an additional 2,232 shares during the last quarter. Royal Bank of Canada boosted its position in BlackRock Municipal Income Quality Trust by 18.1% during the 3rd quarter. Royal Bank of Canada now owns 34,946 shares of the company’s stock worth $534,000 after acquiring an additional 5,344 shares during the last quarter. LPL Financial LLC boosted its position in BlackRock Municipal Income Quality Trust by 79.1% during the 3rd quarter. LPL Financial LLC now owns 71,098 shares of the company’s stock worth $1,085,000 after acquiring an additional 31,403 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new position in BlackRock Municipal Income Quality Trust during the 3rd quarter worth approximately $1,663,000.

About BlackRock Municipal Income Quality Trust

BlackRock Municipal Income Quality Trust is a closed-end investment fund/investment Trust. Its investment objective is to provide current income exempt from federal income taxes, including the alternative minimum tax. The Trust seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its assets in municipal bonds exempt from federal income taxes, including the alternative minimum tax.

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Dividend History for BlackRock Municipal Income Quality Trust (NYSE:BYM)

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