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

BlackRock Municipal Income Quality Trust (NYSE:BYM) announced a monthly dividend on Friday, December 6th,NASDAQ Dividends reports. Stockholders of record on Monday, December 16th will be paid a dividend of 0.0555 per share on Tuesday, December 31st. This represents a $0.67 annualized dividend and a dividend yield of 5.83%. The ex-dividend date of this dividend is Monday, December 16th.

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 Price Performance

NYSE:BYM traded down $0.16 during midday trading on Friday, hitting $11.42. 116,938 shares of the company were exchanged, compared to its average volume of 57,245. BlackRock Municipal Income Quality Trust has a fifty-two week low of $10.78 and a fifty-two week high of $12.38. The company has a fifty day simple moving average of $11.61 and a 200 day simple moving average of $11.66.

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.