BlackRock Municipal Income Fund, Inc. (NYSE:MUI) Plans $0.06 Monthly Dividend

BlackRock Municipal Income Fund, Inc. (NYSE:MUI) announced a monthly dividend on Friday, December 6th,NASDAQ Dividends reports. Investors of record on Monday, December 16th will be given a dividend of 0.055 per share on Tuesday, December 31st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.19%. The ex-dividend date is Monday, December 16th.

BlackRock Municipal Income Fund has decreased its dividend payment by an average of 10.3% annually over the last three years.

BlackRock Municipal Income Fund Price Performance

Shares of MUI traded down $0.06 during mid-day trading on Friday, hitting $12.71. The company had a trading volume of 159,651 shares, compared to its average volume of 291,358. BlackRock Municipal Income Fund has a 1-year low of $11.35 and a 1-year high of $12.83. The business’s 50-day simple moving average is $12.55 and its 200-day simple moving average is $12.43.

About BlackRock Municipal Income Fund

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.