Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI) declared a monthly dividend on Tuesday, April 2nd, Wall Street Journal reports. Stockholders of record on Monday, April 15th will be given a dividend of 0.0445 per share on Wednesday, May 1st. This represents a $0.53 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date is Friday, April 12th.
Blackrock Muni Intermediate Drtn Fnd has decreased its dividend by an average of 7.4% annually over the last three years.
Shares of NYSE MUI traded up $0.03 during trading on Wednesday, reaching $13.55. 1,000 shares of the stock traded hands, compared to its average volume of 112,403. Blackrock Muni Intermediate Drtn Fnd has a 52-week low of $12.30 and a 52-week high of $13.92.
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.
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