BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) Plans Monthly Dividend of $0.06

BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) declared a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Shareholders of record on Friday, November 15th will be paid a dividend of 0.057 per share on Monday, December 2nd. This represents a $0.68 annualized dividend and a yield of 5.57%. The ex-dividend date is Friday, November 15th.

BlackRock Investment Quality Municipal Trust has decreased its dividend by an average of 12.4% annually over the last three years.

BlackRock Investment Quality Municipal Trust Stock Performance

BKN stock traded up $0.06 during trading on Wednesday, hitting $12.29. 17,145 shares of the company’s stock traded hands, compared to its average volume of 45,662. The business has a fifty day simple moving average of $12.67 and a two-hundred day simple moving average of $12.29. BlackRock Investment Quality Municipal Trust has a 1 year low of $10.53 and a 1 year high of $13.16.

BlackRock Investment Quality Municipal Trust Company Profile

BlackRock Investment Quality Municipal Trust 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 invests primarily in investment grade municipal bonds municipal obligations exempt from federal income taxes.