BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN - Get Free Report) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Investors of record on Tuesday, April 15th will be given a dividend of 0.057 per share on Thursday, May 1st. This represents a $0.68 annualized dividend and a yield of 6.45%. The ex-dividend date is Tuesday, April 15th.
BlackRock Investment Quality Municipal Trust has decreased its dividend by an average of 5.7% per year over the last three years.
BlackRock Investment Quality Municipal Trust Stock Down 3.2 %
BKN stock traded down $0.36 during midday trading on Tuesday, reaching $10.61. 191,295 shares of the company were exchanged, compared to its average volume of 53,763. The stock's 50-day simple moving average is $11.54 and its 200 day simple moving average is $11.87. BlackRock Investment Quality Municipal Trust has a 1-year low of $10.55 and a 1-year high of $13.16.
About BlackRock Investment Quality Municipal Trust
(
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BlackRock Investment Quality Municipal Trust 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 invests primarily in investment grade municipal bonds municipal obligations exempt from federal income taxes.
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