BlackRock Investment Quality Municipal Trust Inc. (BKN) to Issue Monthly Dividend of $0.06 on April 1st

BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) announced a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Stockholders of record on Friday, March 14th will be given a dividend of 0.057 per share on Tuesday, April 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.98%. The ex-dividend date of this dividend is Friday, March 14th.

BlackRock Investment Quality Municipal Trust has decreased its dividend payment by an average of 5.7% annually over the last three years.

BlackRock Investment Quality Municipal Trust Trading Up 0.1 %

NYSE:BKN traded up $0.01 during mid-day trading on Wednesday, hitting $11.44. 4,605 shares of the company’s stock were exchanged, compared to its average volume of 52,323. BlackRock Investment Quality Municipal Trust has a one year low of $11.01 and a one year high of $13.16. The business has a fifty day moving average price of $11.49 and a 200 day moving average price of $12.04.

About BlackRock Investment Quality Municipal Trust

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.