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

BlackRock Municipal Income Quality Trust (NYSE:BYM) announced a monthly dividend on Friday, January 2nd. Investors of record on Tuesday, January 20th will be paid a dividend of 0.0555 per share on Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date is Tuesday, January 20th.

BlackRock Municipal Income Quality Trust Trading Down 0.0%

Shares of BlackRock Municipal Income Quality Trust stock opened at $11.10 on Friday. BlackRock Municipal Income Quality Trust has a 52-week low of $10.06 and a 52-week high of $11.51. The company’s 50-day simple moving average is $10.93 and its 200-day simple moving average is $10.79.

BlackRock Municipal Income Quality Trust Company Profile

BlackRock Municipal Income Quality Trust (NYSE:BYM) is a non-diversified, closed-end management investment company that primarily invests in investment grade municipal debt obligations. The trust’s objective is to provide current income exempt from federal income taxes, with a secondary emphasis on preserving capital. It achieves this by allocating its assets among a diversified portfolio of municipal bonds, variable rate demand notes and other municipal-related securities issued by U.S. state and local governments and their agencies.

Managed by BlackRock Fund Advisors, part of BlackRock, Inc, BYM leverages the firm’s extensive municipal bond research and credit analysis capabilities.