Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI) declared a monthly dividend on Monday, June 3rd, NASDAQ reports. Investors of record on Friday, June 14th will be given a dividend of 0.045 per share on Monday, July 1st. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date is Thursday, June 13th.
Blackrock Muni Intermediate Drtn Fnd has decreased its dividend by an average of 7.4% per year over the last three years.
Shares of MUI traded up $0.01 on Wednesday, reaching $13.99. The company’s stock had a trading volume of 22,456 shares, compared to its average volume of 98,436. Blackrock Muni Intermediate Drtn Fnd has a 12-month low of $12.30 and a 12-month high of $14.19.
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About Blackrock Muni Intermediate Drtn Fnd
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.
Further Reading: Cash Flow
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