BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) to Issue Monthly Dividend of $0.06

BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) announced a monthly dividend on Friday, May 3rd, Wall Street Journal reports. Shareholders of record on Wednesday, May 15th will be paid a dividend of 0.057 per share on Monday, June 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.64%. The ex-dividend date of this dividend is Tuesday, May 14th.

BlackRock Investment Quality Municipal Trust has decreased its dividend by an average of 12.4% per year over the last three years.

BlackRock Investment Quality Municipal Trust Stock Performance

Shares of BKN stock traded up $0.12 during trading hours on Friday, hitting $12.12. The company had a trading volume of 46,394 shares, compared to its average volume of 45,362. BlackRock Investment Quality Municipal Trust has a fifty-two week low of $9.57 and a fifty-two week high of $12.69. The company’s fifty day moving average is $12.17 and its 200 day moving average is $11.60.

BlackRock Investment Quality Municipal Trust Company Profile

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.