BlackRock Insured Municipal Income Inves (NYSE:BAF) declared a monthly dividend on Tuesday, April 3rd, Wall Street Journal reports. Shareholders of record on Monday, April 16th will be paid a dividend of 0.0685 per share on Tuesday, May 1st. This represents a $0.82 dividend on an annualized basis and a yield of 5.96%. The ex-dividend date is Friday, April 13th.
BlackRock Insured Municipal Income Inves has decreased its dividend payment by an average of 5.9% per year over the last three years.
Shares of BAF stock opened at $13.79 on Thursday. BlackRock Insured Municipal Income Inves has a 12-month low of $13.70 and a 12-month high of $15.58.
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BlackRock Insured Municipal Income Inves Company Profile
BlackRock Municipal Income Investment Quality Trust is a non-diversified, closed-end management investment company. The Trust’s investment objective is to provide current income exempt from federal income tax, including the alternative minimum tax and Florida intangible property tax. It seeks to achieve its investment objective by investing at least 80% of its managed assets in municipal bonds exempt from federal income taxes, including the alternative minimum tax.
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