BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) Plans $0.06 Monthly Dividend

BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) announced a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Investors of record on Friday, March 14th will be paid a dividend of 0.057 per share on Tuesday, April 1st. This represents a $0.68 dividend on an annualized basis and a yield of 5.85%. The ex-dividend date of this dividend is Friday, March 14th.

BlackRock Investment Quality Municipal Trust has decreased its dividend payment by an average of 5.7% annually over the last three years.

BlackRock Investment Quality Municipal Trust Trading Down 0.8 %

Shares of BKN traded down $0.09 during midday trading on Tuesday, hitting $11.70. 77,586 shares of the company traded hands, compared to its average volume of 55,475. The stock has a 50-day moving average of $11.45 and a 200-day moving average of $12.07. BlackRock Investment Quality Municipal Trust has a one year low of $11.01 and a one year high of $13.16.

About BlackRock Investment Quality Municipal Trust

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.