BlackRock Municipal Income Quality Trust (NYSE:BYM) Plans $0.05 Monthly Dividend

BlackRock Municipal Income Quality Trust (NYSE:BYM) declared a monthly dividend on Monday, June 3rd, Zacks reports. Investors of record on Friday, June 14th will be given a dividend of 0.052 per share on Monday, July 1st. This represents a $0.62 dividend on an annualized basis and a yield of 5.60%. The ex-dividend date of this dividend is Friday, June 14th.

BlackRock Municipal Income Quality Trust has decreased its dividend by an average of 8.1% annually over the last three years and has raised its dividend every year for the last 1 years.

BlackRock Municipal Income Quality Trust Price Performance

Shares of BYM stock traded up $0.05 during mid-day trading on Wednesday, hitting $11.15. The stock had a trading volume of 41,984 shares, compared to its average volume of 58,725. BlackRock Municipal Income Quality Trust has a 12-month low of $9.30 and a 12-month high of $11.65. The firm’s 50-day moving average is $11.18 and its two-hundred day moving average is $11.22.

BlackRock Municipal Income Quality Trust Company Profile

BlackRock Municipal Income Quality Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade municipal bonds exempt from federal income taxes, including the alternative minimum tax.