BlackRock Municipal Income Quality Trust (BYM) to Issue Monthly Dividend of $0.05 on March 1st

BlackRock Municipal Income Quality Trust (NYSE:BYMGet Free Report) declared a monthly dividend on Tuesday, November 14th, Wall Street Journal reports. Shareholders of record on Thursday, February 15th will be given a dividend of 0.0525 per share on Friday, March 1st. This represents a $0.63 annualized dividend and a yield of 5.53%. The ex-dividend date of this dividend is Wednesday, February 14th.

BlackRock Municipal Income Quality Trust Price Performance

NYSE BYM opened at $11.40 on Monday. The company has a 50 day simple moving average of $11.21 and a 200-day simple moving average of $10.62. BlackRock Municipal Income Quality Trust has a 52-week low of $9.30 and a 52-week high of $12.00.

Institutional Investors Weigh In On BlackRock Municipal Income Quality Trust

A number of institutional investors have recently modified their holdings of BYM. Morgan Stanley increased its stake in shares of BlackRock Municipal Income Quality Trust by 19.3% during the 4th quarter. Morgan Stanley now owns 2,521,315 shares of the company’s stock worth $28,617,000 after purchasing an additional 407,310 shares during the last quarter. Stifel Financial Corp lifted its position in BlackRock Municipal Income Quality Trust by 147.9% in the second quarter. Stifel Financial Corp now owns 261,739 shares of the company’s stock worth $2,945,000 after purchasing an additional 156,171 shares during the period. Logan Stone Capital LLC acquired a new stake in BlackRock Municipal Income Quality Trust during the fourth quarter valued at approximately $1,135,000. Wells Fargo & Company MN boosted its holdings in shares of BlackRock Municipal Income Quality Trust by 18.2% in the 4th quarter. Wells Fargo & Company MN now owns 545,878 shares of the company’s stock worth $6,196,000 after acquiring an additional 84,226 shares in the last quarter. Finally, UBS Group AG grew its holdings in BlackRock Municipal Income Quality Trust by 66.4% during the 4th quarter. UBS Group AG now owns 113,055 shares of the company’s stock worth $1,267,000 after acquiring an additional 45,093 shares during the last quarter.

About BlackRock Municipal Income Quality Trust

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BlackRock Municipal Income Quality Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade municipal bonds exempt from federal income taxes, including the alternative minimum tax.

Further Reading

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

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