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

BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) declared a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.057 per share on Monday, December 2nd. This represents a $0.68 annualized dividend and a dividend yield of 5.56%. The ex-dividend date is Friday, November 15th.

BlackRock Investment Quality Municipal Trust has decreased its dividend payment by an average of 12.4% per year over the last three years.

BlackRock Investment Quality Municipal Trust Stock Up 0.6 %

Shares of NYSE BKN traded up $0.07 during mid-day trading on Wednesday, hitting $12.30. The company’s stock had a trading volume of 28,745 shares, compared to its average volume of 45,714. BlackRock Investment Quality Municipal Trust has a one year low of $10.53 and a one year high of $13.16. The company’s fifty day simple moving average is $12.67 and its 200-day simple moving average is $12.29.

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.