BlackRock Municipal Income Quality Trust (NYSE:BYM) to Issue Monthly Dividend of $0.06

BlackRock Municipal Income Quality Trust (NYSE:BYM) declared a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.0555 per share on Monday, December 2nd. This represents a $0.67 dividend on an annualized basis and a dividend yield of 5.77%. The ex-dividend date of this dividend is Friday, November 15th.

BlackRock Municipal Income Quality Trust has decreased its dividend payment by an average of 8.1% per year over the last three years.

BlackRock Municipal Income Quality Trust Stock Performance

Shares of NYSE:BYM traded up $0.08 during midday trading on Wednesday, reaching $11.55. 66,261 shares of the company traded hands, compared to its average volume of 56,331. BlackRock Municipal Income Quality Trust has a 12 month low of $10.14 and a 12 month high of $12.38. The firm’s fifty day moving average price is $11.81 and its two-hundred day moving average price is $11.60.

BlackRock Municipal Income Quality Trust Company Profile

BlackRock Municipal Income Quality Trust 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 municipal bonds exempt from federal income taxes, including the alternative minimum tax.