BlackRock Municipal Income Quality Trust (BYM) to Issue Monthly Dividend of $0.06 on March 2nd

BlackRock Municipal Income Quality Trust (NYSE:BYM) announced a monthly dividend on Friday, January 2nd. Stockholders of record on Friday, February 6th will be given a dividend of 0.0555 per share on Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date is Friday, February 6th.

BlackRock Municipal Income Quality Trust Stock Performance

NYSE BYM remained flat at $11.12 during trading hours on Wednesday. The company had a trading volume of 141,693 shares, compared to its average volume of 85,541. BlackRock Municipal Income Quality Trust has a 12 month low of $10.06 and a 12 month high of $11.51. The firm has a fifty day moving average price of $10.95 and a 200-day moving average price of $10.85.

Hedge Funds Weigh In On BlackRock Municipal Income Quality Trust

Several institutional investors and hedge funds have recently bought and sold shares of the company. Rareview Capital LLC acquired a new stake in shares of BlackRock Municipal Income Quality Trust during the 4th quarter worth approximately $1,527,000. Verdence Capital Advisors LLC acquired a new position in shares of BlackRock Municipal Income Quality Trust in the 4th quarter valued at $219,000. Bridgewater Advisors Inc. grew its holdings in shares of BlackRock Municipal Income Quality Trust by 10.6% during the 4th quarter. Bridgewater Advisors Inc. now owns 20,863 shares of the company’s stock worth $228,000 after purchasing an additional 2,000 shares during the period. Atala Financial Inc boosted its stake in BlackRock Municipal Income Quality Trust by 27.6% during the fourth quarter. Atala Financial Inc now owns 88,225 shares of the company’s stock worth $965,000 after buying an additional 19,078 shares during the period. Finally, Savvy Advisors Inc. purchased a new stake in shares of BlackRock Municipal Income Quality Trust in the 4th quarter valued at approximately $147,000.

About BlackRock Municipal Income Quality Trust

BlackRock Municipal Income Quality Trust (NYSE:BYM) is a non-diversified, closed-end management investment company that primarily invests in investment grade municipal debt obligations. The trust’s objective is to provide current income exempt from federal income taxes, with a secondary emphasis on preserving capital. It achieves this by allocating its assets among a diversified portfolio of municipal bonds, variable rate demand notes and other municipal-related securities issued by U.S. state and local governments and their agencies.

Managed by BlackRock Fund Advisors, part of BlackRock, Inc, BYM leverages the firm’s extensive municipal bond research and credit analysis capabilities.