BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN – Get Free Report) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, April 15th will be given a dividend of 0.057 per share on Thursday, May 1st. This represents a $0.68 annualized dividend and a dividend yield of 6.01%. The ex-dividend date of this dividend is Tuesday, April 15th.
BlackRock Investment Quality Municipal Trust has decreased its dividend by an average of 5.7% annually over the last three years.
BlackRock Investment Quality Municipal Trust Trading Down 1.3 %
Shares of BlackRock Investment Quality Municipal Trust stock opened at $11.38 on Friday. The firm has a fifty day moving average of $11.54 and a two-hundred day moving average of $11.90. 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.
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