BlackRock Municipal Income Trust II (NYSE:BLE) Announces Monthly Dividend of $0.05

BlackRock Municipal Income Trust II (NYSE:BLE) declared a monthly dividend on Friday, October 3rd, Wall Street Journal reports. Investors of record on Wednesday, October 15th will be given a dividend of 0.054 per share on Monday, November 3rd. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Wednesday, October 15th.

BlackRock Municipal Income Trust II Price Performance

NYSE:BLE opened at $10.36 on Friday. The business’s fifty day moving average price is $10.09 and its 200 day moving average price is $10.03. BlackRock Municipal Income Trust II has a 1-year low of $9.56 and a 1-year high of $11.29.

Institutional Investors Weigh In On BlackRock Municipal Income Trust II

Institutional investors have recently bought and sold shares of the business. Nomura Holdings Inc. acquired a new stake in BlackRock Municipal Income Trust II during the 2nd quarter worth about $100,000. Duncker Streett & Co. Inc. acquired a new stake in BlackRock Municipal Income Trust II during the 2nd quarter worth about $118,000. Kovack Advisors Inc. acquired a new stake in BlackRock Municipal Income Trust II during the 1st quarter worth about $140,000. Allworth Financial LP purchased a new stake in shares of BlackRock Municipal Income Trust II during the second quarter worth $185,000. Finally, Virtu Financial LLC purchased a new stake in shares of BlackRock Municipal Income Trust II during the first quarter worth $204,000.

BlackRock Municipal Income Trust II Company Profile

BlackRock Municipal Income Trust II 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 long-term and short-term investments, and money market funds. The fund primarily in investment grade municipal bonds that are exempt from regular federal income tax.