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

BlackRock Municipal Income Quality Trust (NYSE:BYM) declared a monthly dividend on Wednesday, June 4th, Wall Street Journal reports. Stockholders of record on Friday, June 13th will be paid a dividend of 0.0555 per share on Tuesday, July 1st. This represents a $0.67 annualized dividend and a dividend yield of 6.37%. The ex-dividend date is Friday, June 13th.

BlackRock Municipal Income Quality Trust has decreased its dividend payment by an average of 2.7% annually over the last three years.

BlackRock Municipal Income Quality Trust Trading Up 0.6%

NYSE:BYM opened at $10.45 on Thursday. The company’s 50 day moving average price is $10.53 and its 200-day moving average price is $10.93. BlackRock Municipal Income Quality Trust has a 52 week low of $10.06 and a 52 week high of $12.38.

Hedge Funds Weigh In On BlackRock Municipal Income Quality Trust

An institutional investor recently raised its position in BlackRock Municipal Income Quality Trust stock. Royal Bank of Canada increased its holdings in shares of BlackRock Municipal Income Quality Trust (NYSE:BYM) by 10.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,616 shares of the company’s stock after purchasing an additional 3,968 shares during the quarter. Royal Bank of Canada’s holdings in BlackRock Municipal Income Quality Trust were worth $470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

BlackRock Municipal Income Quality Trust Company Profile

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.