BlackRock Municipal Income Quality Trust (NYSE:BYM) Declares Monthly Dividend of $0.06

BlackRock Municipal Income Quality Trust (NYSE:BYM) declared a monthly dividend on Friday, January 2nd. Stockholders of record on Friday, February 6th will be paid a dividend of 0.0555 per share on Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date is Friday, February 6th.

BlackRock Municipal Income Quality Trust Stock Performance

BYM stock opened at $11.13 on Wednesday. BlackRock Municipal Income Quality Trust has a 1-year low of $10.06 and a 1-year high of $11.51. The business has a 50-day moving average price of $10.95 and a 200 day moving average price of $10.85.

About BlackRock Municipal Income Quality Trust

BlackRock Municipal Income Quality Trust (NYSE:BYM) is a non-diversified, closed-end management investment company that primarily invests in investment grade municipal debt obligations. The trust’s objective is to provide current income exempt from federal income taxes, with a secondary emphasis on preserving capital. It achieves this by allocating its assets among a diversified portfolio of municipal bonds, variable rate demand notes and other municipal-related securities issued by U.S. state and local governments and their agencies.

Managed by BlackRock Fund Advisors, part of BlackRock, Inc, BYM leverages the firm’s extensive municipal bond research and credit analysis capabilities.