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

BlackRock Municipal Income Quality Trust (NYSE:BYM) declared a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.0555 per share on Monday, December 2nd. This represents a $0.67 annualized dividend and a dividend yield of 5.78%. The ex-dividend date of this dividend is Friday, November 15th.

BlackRock Municipal Income Quality Trust has decreased its dividend payment by an average of 8.1% per year over the last three years.

BlackRock Municipal Income Quality Trust Stock Up 0.5 %

Shares of NYSE BYM traded up $0.06 during midday trading on Thursday, reaching $11.53. The company’s stock had a trading volume of 100,978 shares, compared to its average volume of 56,493. BlackRock Municipal Income Quality Trust has a one year low of $10.14 and a one year high of $12.38. The company has a 50 day moving average price of $11.80 and a 200 day moving average price of $11.60.

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.