BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN - Get Free Report) announced a monthly dividend on Wednesday, June 4th, Wall Street Journal reports. Shareholders of record on Friday, June 13th will be given a dividend of 0.057 per share on Tuesday, July 1st. This represents a $0.68 annualized dividend and a dividend yield of 6.41%. The ex-dividend date is Friday, June 13th.
BlackRock Investment Quality Municipal Trust has decreased its dividend by an average of 5.7% per year over the last three years.
BlackRock Investment Quality Municipal Trust Price Performance
NYSE BKN traded down $0.02 during trading on Friday, reaching $10.67. The company's stock had a trading volume of 85,472 shares, compared to its average volume of 58,322. BlackRock Investment Quality Municipal Trust has a one year low of $10.22 and a one year high of $13.16. The firm has a fifty day moving average of $10.83 and a 200 day moving average of $11.31.
Hedge Funds Weigh In On BlackRock Investment Quality Municipal Trust
A hedge fund recently raised its stake in BlackRock Investment Quality Municipal Trust stock. Royal Bank of Canada raised its position in shares of BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN - Free Report) by 39.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,902 shares of the company's stock after buying an additional 6,800 shares during the quarter. Royal Bank of Canada owned about 0.14% of BlackRock Investment Quality Municipal Trust worth $275,000 at the end of the most recent quarter. 26.67% of the stock is currently owned by hedge funds and other institutional investors.
BlackRock Investment Quality Municipal Trust Company Profile
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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.
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