BlackRock Municipal Income Fund, Inc. (NYSE:MUI) Plans Monthly Dividend of $0.06

BlackRock Municipal Income Fund, Inc. (NYSE:MUI) announced a monthly dividend on Friday, December 6th,NASDAQ Dividends reports. Investors of record on Monday, December 16th will be given a dividend of 0.055 per share on Tuesday, December 31st. This represents a $0.66 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date of this dividend is Monday, December 16th.

BlackRock Municipal Income Fund has decreased its dividend by an average of 10.3% per year over the last three years.

BlackRock Municipal Income Fund Stock Down 0.5 %

Shares of MUI traded down $0.06 during mid-day trading on Friday, reaching $12.71. 159,651 shares of the stock traded hands, compared to its average volume of 291,358. BlackRock Municipal Income Fund has a 1 year low of $11.35 and a 1 year high of $12.83. The firm has a fifty day moving average price of $12.55 and a 200 day moving average price of $12.43.

BlackRock Municipal Income Fund Company Profile

BlackRock Muni Intermediate Duration Fund, Inc 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 in investment grade municipal bonds exempt from federal income taxes and with a duration of three to ten years at the time of investment.