BlackRock Insured Municipal Income Trust (NYSE:BYM) declared a special dividend on Tuesday, December 4th, Wall Street Journal reports. Shareholders of record on Thursday, December 13th will be given a dividend of 0.0126 per share on Monday, December 31st. This represents a yield of 4.92%. The ex-dividend date of this dividend is Wednesday, December 12th.
BlackRock Insured Municipal Income Trust has decreased its dividend by an average of 10.9% per year over the last three years.
Shares of NYSE BYM traded up $0.09 during trading on Tuesday, hitting $12.69. The stock had a trading volume of 68,173 shares, compared to its average volume of 59,802. BlackRock Insured Municipal Income Trust has a 12 month low of $12.16 and a 12 month high of $14.50.
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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.
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