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

BlackRock Municipal Income Fund, Inc. (NYSE:MUI) declared 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 annualized dividend and a yield of 5.31%. The ex-dividend date of this dividend is Friday, November 15th.

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

BlackRock Municipal Income Fund Price Performance

Shares of MUI stock traded up $0.01 during trading hours on Thursday, reaching $12.44. 33,792 shares of the company’s stock were exchanged, compared to its average volume of 266,918. The stock’s fifty day moving average price is $12.50 and its two-hundred day moving average price is $12.35. BlackRock Municipal Income Fund has a 1 year low of $10.64 and a 1 year high of $12.83.

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.