BlackRock Muni Intermediate Duration Fund, Inc. (NYSE:MUI) Announces Monthly Dividend of $0.05

BlackRock Muni Intermediate Duration Fund, Inc. (NYSE:MUI) announced a monthly dividend on Tuesday, April 6th, Wall Street Journal reports. Shareholders of record on Thursday, April 15th will be paid a dividend of 0.054 per share on Monday, May 3rd. This represents a $0.65 annualized dividend and a yield of 4.25%. The ex-dividend date is Wednesday, April 14th.

NYSE MUI opened at $15.24 on Thursday. The company’s 50 day moving average is $14.92 and its 200-day moving average is $14.62. BlackRock Muni Intermediate Duration Fund has a 12-month low of $12.65 and a 12-month high of $15.34.

About BlackRock Muni Intermediate Duration 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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