BlackRock Insured Municipal Income Inves (NYSE:BAF) announced a monthly dividend on Thursday, May 2nd, Wall Street Journal reports. Shareholders of record on Wednesday, May 15th will be given a dividend of 0.0585 per share on Monday, June 3rd. This represents a $0.70 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date is Tuesday, May 14th.
BlackRock Insured Municipal Income Inves has raised its dividend by an average of 0.4% annually over the last three years.
BAF traded up $0.10 during trading on Friday, reaching $14.63. 18,300 shares of the stock were exchanged, compared to its average volume of 24,646. BlackRock Insured Municipal Income Inves has a 1 year low of $12.44 and a 1 year high of $14.87.
BlackRock Municipal Income Investment 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 fixed income markets of United States. It primarily invests in municipal bonds exempt from federal income taxes, including the alternative minimum tax and also in municipal bonds that are investment grade quality at the time of investment.
See Also: Trading Ex-Dividend
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