BlackRock Municipal Income Fund, Inc. (NYSE:MUI – Get Free Report) announced a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.055 per share on Monday, December 2nd. This represents a $0.66 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date is Friday, November 15th.
BlackRock Municipal Income Fund has decreased its dividend by an average of 10.3% per year over the last three years.
BlackRock Municipal Income Fund Stock Performance
Shares of MUI remained flat at $12.42 during trading hours on Wednesday. The stock had a trading volume of 1,163,730 shares, compared to its average volume of 263,947. The company’s 50 day simple moving average is $12.50 and its 200 day simple moving average is $12.35. BlackRock Municipal Income Fund has a 52 week low of $10.52 and a 52 week high of $12.83.
About BlackRock Municipal Income Fund
BlackRock Muni Intermediate Duration 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 primarily invests in investment grade municipal bonds exempt from federal income taxes and with a duration of three to ten years at the time of investment.
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