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

BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) declared a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Stockholders of record on Wednesday, January 15th will be given a dividend of 0.057 per share on Monday, February 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.02%. The ex-dividend date is Wednesday, January 15th.

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 Price Performance

BKN traded up $0.08 during trading hours on Friday, reaching $11.37. 64,254 shares of the stock traded hands, compared to its average volume of 66,827. BlackRock Investment Quality Municipal Trust has a fifty-two week low of $11.01 and a fifty-two week high of $13.16. The firm’s fifty day simple moving average is $11.91 and its two-hundred day simple moving average is $12.24.

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.