Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) to Issue $0.05 Monthly Dividend

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) announced a monthly dividend on Thursday, August 1st, Zacks reports. Investors of record on Thursday, August 15th will be given a dividend of 0.046 per share on Tuesday, September 3rd. This represents a $0.55 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date is Thursday, August 15th.

Blackrock Municipal 2030 Target Term Trust has decreased its dividend payment by an average of 4.8% per year over the last three years.

Blackrock Municipal 2030 Target Term Trust Price Performance

NYSE:BTT traded up $0.03 during midday trading on Wednesday, hitting $21.37. The company’s stock had a trading volume of 30,495 shares, compared to its average volume of 130,962. Blackrock Municipal 2030 Target Term Trust has a fifty-two week low of $18.90 and a fifty-two week high of $21.64. The firm’s 50 day moving average is $20.85 and its 200-day moving average is $20.84.

Blackrock Municipal 2030 Target Term Trust Company Profile

Blackrock Municipal 2030 Target Term Trust is a closed end fixed income mutual fund launched by BlackRock, Inc The fund is managed by by BlackRock Advisors, LLC. It invests in fixed income markets. The fund invests primarily in investment grade municipal bonds that are exempt from regular federal income tax.