BlackRock Municipal Income Trust II (NYSE:BLE) announced a monthly dividend on Thursday, August 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, August 15th will be paid a dividend of 0.0735 per share on Friday, September 1st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.64%. The ex-dividend date of this dividend is Friday, August 11th.
BlackRock Municipal Income Trust II has decreased its dividend by an average of 3.7% annually over the last three years.
Shares of BlackRock Municipal Income Trust II (NYSE BLE) traded down 0.90% during mid-day trading on Thursday, hitting $15.50. The stock had a trading volume of 10,848 shares. BlackRock Municipal Income Trust II has a one year low of $13.87 and a one year high of $16.59. The firm has a 50 day moving average of $15.49 and a 200 day moving average of $15.08.
About BlackRock Municipal Income Trust II
BlackRock Municipal Income Trust II is a diversified, closed-end management investment company. The Trust’s investment objective is to provide current income exempt from regular federal 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).
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