BlackRock Municipal Income Fund, Inc. Plans Monthly Dividend of $0.06 (NYSE:MUI)

BlackRock Municipal Income Fund, Inc. (NYSE:MUI) declared a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Shareholders of record on Friday, November 15th will be paid a dividend of 0.055 per share on Monday, December 2nd. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.31%. The ex-dividend date is Friday, November 15th.

BlackRock Municipal Income Fund has decreased its dividend payment by an average of 10.3% per year over the last three years.

BlackRock Municipal Income Fund Stock Up 0.2 %

MUI traded up $0.02 during trading on Wednesday, hitting $12.44. 972,164 shares of the stock traded hands, compared to its average volume of 263,076. BlackRock Municipal Income Fund has a twelve month low of $10.52 and a twelve month high of $12.83. The business has a 50 day moving average price of $12.50 and a 200 day moving average price of $12.35.

About BlackRock Municipal Income Fund

BlackRock Muni Intermediate Duration Fund, 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 primarily invests in investment grade municipal bonds exempt from federal income taxes and with a duration of three to ten years at the time of investment.