BlackRock Municipal Income Fund, Inc. (NYSE:MUI – Get Free Report) announced a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Investors of record on Friday, February 14th will be paid a dividend of 0.055 per share on Wednesday, February 26th. This represents a $0.66 annualized dividend and a dividend yield of 5.50%. The ex-dividend date of this dividend is Friday, February 14th.
BlackRock Municipal Income Fund has increased its dividend by an average of 0.6% per year over the last three years.
BlackRock Municipal Income Fund Price Performance
Shares of NYSE:MUI opened at $12.01 on Wednesday. The company’s fifty day moving average is $12.27 and its two-hundred day moving average is $12.41. BlackRock Municipal Income Fund has a 12-month low of $11.46 and a 12-month high of $12.83.
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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