BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN – Get Free Report) announced a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Stockholders of record on Wednesday, January 15th will be given a dividend of 0.057 per share on Monday, February 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.02%. The ex-dividend date is Wednesday, January 15th.
BlackRock Investment Quality Municipal Trust has decreased its dividend by an average of 5.7% per year over the last three years.
BlackRock Investment Quality Municipal Trust Stock Performance
Shares of BKN stock opened at $11.37 on Friday. BlackRock Investment Quality Municipal Trust has a twelve month low of $11.01 and a twelve month high of $13.16. The firm has a fifty day simple moving average of $11.91 and a 200-day simple moving average of $12.24.
About BlackRock Investment Quality Municipal Trust
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.
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