BlackRock Municipal Income Quality Trust (NYSE:BYM) Announces $0.06 Monthly Dividend

by · The Cerbat Gem

BlackRock Municipal Income Quality Trust (NYSE:BYM – Get Free Report) declared a monthly dividend on Friday, January 2nd. Investors of record on Friday, February 6th will be paid a dividend of 0.0555 per share on Monday, March 2nd. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Friday, February 6th.

BlackRock Municipal Income Quality Trust Stock Performance

NYSE BYM traded up $0.01 during trading hours on Wednesday, hitting $11.13. 27,885 shares of the company traded hands, compared to its average volume of 79,482. BlackRock Municipal Income Quality Trust has a twelve month low of $10.06 and a twelve month high of $11.51. The business’s 50-day moving average is $10.95 and its 200-day moving average is $10.85.

BlackRock Municipal Income Quality Trust Company Profile

(Get Free Report)

BlackRock Municipal Income Quality Trust (NYSE:BYM) is a non-diversified, closed-end management investment company that primarily invests in investment grade municipal debt obligations. The trust’s objective is to provide current income exempt from federal income taxes, with a secondary emphasis on preserving capital. It achieves this by allocating its assets among a diversified portfolio of municipal bonds, variable rate demand notes and other municipal-related securities issued by U.S. state and local governments and their agencies.

Managed by BlackRock Fund Advisors, part of BlackRock, Inc, BYM leverages the firm’s extensive municipal bond research and credit analysis capabilities.

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