BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE) Announces Monthly Dividend of $0.05

BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE) declared a monthly dividend on Friday, May 3rd, Wall Street Journal reports. Stockholders of record on Wednesday, May 15th will be paid a dividend of 0.052 per share on Monday, June 3rd. This represents a $0.62 dividend on an annualized basis and a dividend yield of 5.93%. The ex-dividend date is Tuesday, May 14th. This is a boost from BlackRock Municipal Income Trust II’s previous monthly dividend of $0.03.

BlackRock Municipal Income Trust II has decreased its dividend payment by an average of 15.5% per year over the last three years.

BlackRock Municipal Income Trust II Stock Up 1.1 %

BlackRock Municipal Income Trust II stock traded up $0.11 during trading hours on Friday, reaching $10.53. The company had a trading volume of 87,611 shares, compared to its average volume of 95,308. BlackRock Municipal Income Trust II has a 12-month low of $8.77 and a 12-month high of $10.94.

About BlackRock Municipal Income Trust II

BlackRock Municipal Income Trust II 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 long-term and short-term investments, and money market funds. The fund primarily in investment grade municipal bonds that are exempt from regular federal income tax.