BlackRock Municipal Income Quality Trust (NYSE:BYM) to Issue Monthly Dividend of $0.05

BlackRock Municipal Income Quality Trust (NYSE:BYM) declared a monthly dividend on Friday, November 17th, Wall Street Journal reports. Investors of record on Thursday, February 15th will be paid a dividend of 0.0525 per share on Friday, March 1st. This represents a $0.63 annualized dividend and a yield of 5.99%. The ex-dividend date is Wednesday, February 14th.

BlackRock Municipal Income Quality Trust Stock Up 0.4 %

NYSE:BYM traded up $0.04 during trading hours on Friday, hitting $10.52. 80,540 shares of the company were exchanged, compared to its average volume of 65,588. BlackRock Municipal Income Quality Trust has a one year low of $9.30 and a one year high of $12.14. The company has a fifty day simple moving average of $9.93 and a 200 day simple moving average of $10.63.

Institutional Trading of BlackRock Municipal Income Quality Trust

Large investors have recently bought and sold shares of the business. Virtu Financial LLC acquired a new stake in BlackRock Municipal Income Quality Trust during the 4th quarter worth about $122,000. Ameriprise Financial Inc. grew its holdings in BlackRock Municipal Income Quality Trust by 38.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 15,592 shares of the company’s stock worth $154,000 after acquiring an additional 4,357 shares during the period. Advisory Services Network LLC acquired a new stake in shares of BlackRock Municipal Income Quality Trust in the 1st quarter valued at about $208,000. Raymond James Financial Services Advisors Inc. grew its stake in shares of BlackRock Municipal Income Quality Trust by 12.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 19,898 shares of the company’s stock valued at $226,000 after buying an additional 2,232 shares during the period. Finally, Royal Bank of Canada grew its stake in shares of BlackRock Municipal Income Quality Trust by 55.9% in the 3rd quarter. Royal Bank of Canada now owns 36,371 shares of the company’s stock valued at $399,000 after buying an additional 13,045 shares during the period.

About BlackRock Municipal Income Quality Trust

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.