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 Thursday, April 3rd, Wall Street Journal reports. Investors of record on Tuesday, April 15th will be paid a dividend of 0.057 per share on Thursday, May 1st. This represents a $0.68 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date is Tuesday, April 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 Price Performance

BKN stock traded down $0.02 during midday trading on Thursday, hitting $11.53. 49,064 shares of the company’s stock were exchanged, compared to its average volume of 52,585. The firm has a 50 day moving average price of $11.54 and a 200-day moving average price of $11.91. BlackRock Investment Quality Municipal Trust has a 12-month low of $11.01 and a 12-month high of $13.16.

BlackRock Investment Quality Municipal Trust Company Profile

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.