BlackRock Municipal Income Fund, Inc. (NYSE:MUI) to Issue Monthly Dividend of $0.06

BlackRock Municipal Income Fund, Inc. (NYSE:MUI) announced a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Investors of record on Wednesday, January 15th will be given a dividend of 0.055 per share on Monday, February 3rd. This represents a $0.66 annualized dividend and a dividend yield of 5.39%. The ex-dividend date is Wednesday, January 15th.

BlackRock Municipal Income Fund has decreased its dividend payment by an average of 10.3% annually over the last three years.

BlackRock Municipal Income Fund Stock Performance

BlackRock Municipal Income Fund stock traded up $0.05 during mid-day trading on Friday, reaching $12.25. The company’s stock had a trading volume of 60,449 shares, compared to its average volume of 85,375. BlackRock Municipal Income Fund has a twelve month low of $11.35 and a twelve month high of $12.83. The business has a 50 day moving average price of $12.46 and a 200-day moving average price of $12.44.

BlackRock Municipal Income Fund Company Profile

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.