BlackRock Municipal Income Fund, Inc. (NYSE:MUI – Get Free Report) announced a monthly dividend on Tuesday, September 3rd, NASDAQ reports. Stockholders of record on Monday, September 16th will be given a dividend of 0.055 per share on Tuesday, October 1st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.30%. The ex-dividend date is Monday, September 16th.
BlackRock Municipal Income Fund has decreased its dividend by an average of 10.3% annually over the last three years.
BlackRock Municipal Income Fund Price Performance
MUI stock opened at $12.46 on Thursday. BlackRock Municipal Income Fund has a twelve month low of $9.73 and a twelve month high of $12.58. The firm has a 50 day simple moving average of $12.38 and a 200-day simple moving average of $12.10.
About BlackRock Municipal Income Fund
BlackRock Muni Intermediate Duration Fund, 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 primarily invests in investment grade municipal bonds exempt from federal income taxes and with a duration of three to ten years at the time of investment.
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