BlackRock Municipal Income Fund, Inc. (MUI) to Issue Monthly Dividend of $0.06 on June 3rd

BlackRock Municipal Income Fund, Inc. (NYSE:MUI) declared a monthly dividend on Wednesday, May 1st, Zacks reports. Investors of record on Wednesday, May 15th will be given a dividend of 0.055 per share on Monday, June 3rd. This represents a $0.66 annualized dividend and a dividend yield of 5.67%. The ex-dividend date is Tuesday, May 14th.

BlackRock Municipal Income Fund Trading Up 1.0 %

BlackRock Municipal Income Fund stock traded up $0.11 during mid-day trading on Friday, hitting $11.64. 100,504 shares of the company traded hands, compared to its average volume of 182,304. BlackRock Municipal Income Fund has a one year low of $9.73 and a one year high of $12.09. The stock has a fifty day moving average price of $11.79 and a 200-day moving average price of $11.41.

About BlackRock Municipal Income Fund

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.