BlackRock Investment Quality Municipal Trust Inc. to Issue Monthly Dividend of $0.06 (NYSE:BKN)

BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) declared a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Investors of record on Friday, March 14th will be given a dividend of 0.057 per share on Tuesday, April 1st. This represents a $0.68 annualized dividend and a yield of 5.85%. The ex-dividend date is Friday, March 14th.

BlackRock Investment Quality Municipal Trust has decreased its dividend payment by an average of 5.7% per year over the last three years.

BlackRock Investment Quality Municipal Trust Stock Down 0.8 %

BlackRock Investment Quality Municipal Trust stock traded down $0.09 during midday trading on Tuesday, hitting $11.70. 77,586 shares of the stock were exchanged, compared to its average volume of 55,475. The company has a fifty day simple moving average of $11.44 and a two-hundred day simple moving average of $12.08. BlackRock Investment Quality Municipal Trust has a 52 week low of $11.01 and a 52 week high of $13.16.

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.