Blackrock New Jersey Municipal Income Tr (NYSE:BNJ) declared a special dividend on Monday, December 4th, Wall Street Journal reports. Stockholders of record on Tuesday, December 12th will be given a dividend of 0.0022 per share by the investment management company on Friday, December 29th. This represents a dividend yield of 4.97%. The ex-dividend date is Monday, December 11th.
Blackrock New Jersey Municipal Income Tr has decreased its dividend payment by an average of 1.9% per year over the last three years.
Blackrock New Jersey Municipal Income Tr (NYSE:BNJ) traded down $0.13 during trading on Tuesday, hitting $15.33. 31,200 shares of the stock traded hands, compared to its average volume of 11,789. Blackrock New Jersey Municipal Income Tr has a one year low of $14.12 and a one year high of $16.35.
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BlackRock New Jersey Municipal Income Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust’s investment objective is to provide current income exempt from regular federal income tax and New Jersey gross income tax. The Trust seeks to achieve its investment objective by investing primarily in municipal bonds exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax) and New Jersey gross income taxes.
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