BlackRock Municipal Income Trust II (NYSE:BLE – Get Free Report) announced a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.054 per share on Tuesday, April 1st. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.11%. The ex-dividend date is Friday, March 14th.
BlackRock Municipal Income Trust II has decreased its dividend payment by an average of 2.5% annually over the last three years.
BlackRock Municipal Income Trust II Price Performance
NYSE:BLE traded down $0.03 during midday trading on Wednesday, hitting $10.60. 4,219 shares of the stock were exchanged, compared to its average volume of 77,498. BlackRock Municipal Income Trust II has a one year low of $10.30 and a one year high of $11.41. The company’s 50-day moving average price is $10.61.
About BlackRock Municipal Income Trust II
BlackRock Municipal Income Trust II 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 long-term and short-term investments, and money market funds. The fund primarily in investment grade municipal bonds that are exempt from regular federal income tax.
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