BlackRock MuniVest Fund, Inc. (NYSE:MVF) Increases Dividend to $0.04 Per Share

BlackRock MuniVest Fund, Inc. (NYSE:MVF) declared a monthly dividend on Thursday, September 12th, NASDAQ reports. Stockholders of record on Tuesday, October 15th will be paid a dividend of 0.036 per share on Friday, November 1st. This represents a $0.43 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date is Tuesday, October 15th. This is a boost from BlackRock MuniVest Fund’s previous monthly dividend of $0.03.

BlackRock MuniVest Fund has decreased its dividend by an average of 13.4% annually over the last three years.

BlackRock MuniVest Fund Price Performance

Shares of BlackRock MuniVest Fund stock traded down $0.02 on Friday, hitting $7.51. The company’s stock had a trading volume of 58,221 shares, compared to its average volume of 126,957. BlackRock MuniVest Fund has a 52-week low of $5.85 and a 52-week high of $7.64. The firm has a fifty day moving average price of $7.49 and a 200-day moving average price of $7.23.

BlackRock MuniVest Fund Company Profile

BlackRock MuniVest 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 the fixed income markets of the United States. It primarily invests in investment grade, long term municipal obligations that are exempt from federal income taxes.