BlackRock MuniVest Fund, Inc. Announces Monthly Dividend of $0.04 (NYSE:MVF)

Key Points

• BlackRock MuniVest Fund, Inc. announced a monthly dividend of $0.04 per share, with a dividend yield of 6.5%, payable on October 1st to stockholders of record as of September 15th.
• Diverging stock performance was noted as shares of MVF traded at $6.63, with a 52-week range between $6.43 and $7.64 and an average trading volume of 108,342 shares.
• Several institutional investors have increased their stakes in the fund, with Geneos Wealth Management raising its position by 88.1% in the second quarter.

BlackRock MuniVest Fund, Inc. (NYSE:MVF - Get Free Report) declared a monthly dividend on Tuesday, September 2nd. Stockholders of record on Monday, September 15th will be given a dividend of 0.036 per share on Wednesday, October 1st. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Monday, September 15th.

BlackRock MuniVest Fund Stock Performance

MVF traded down $0.01 during trading hours on Tuesday, hitting $6.84. 70,064 shares of the company's stock were exchanged, compared to its average volume of 108,632. BlackRock MuniVest Fund has a 1-year low of $6.43 and a 1-year high of $7.64. The stock's 50-day moving average is $6.59 and its two-hundred day moving average is $6.76.

BlackRock MuniVest Fund Company Profile

BlackRock MuniVest 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 the fixed income markets of the United States. It primarily invests in investment grade, long term municipal obligations that are exempt from federal income taxes.