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

BlackRock Municipal Income Quality Trust (NYSE:BYM) declared a monthly dividend on Friday, December 6th,NASDAQ Dividends reports. Shareholders of record on Monday, December 16th will be given a dividend of 0.0555 per share on Tuesday, December 31st. This represents a $0.67 dividend on an annualized basis and a 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% annually over the last three years.

BlackRock Municipal Income Quality Trust Price Performance

Shares of BYM stock traded down $0.16 during trading hours on Friday, hitting $11.42. 116,938 shares of the company’s stock were exchanged, compared to its average volume of 57,245. BlackRock Municipal Income Quality Trust has a 52 week low of $10.78 and a 52 week high of $12.38. The stock’s 50-day moving average is $11.61 and its 200-day moving average is $11.66.

About BlackRock Municipal Income Quality Trust

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.