Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI) 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 0.0015 per share on Friday, December 29th. This represents a dividend yield of 4.26%. The ex-dividend date is Monday, December 11th.
Blackrock Muni Intermediate Drtn Fnd has decreased its dividend payment by an average of 2.5% per year over the last three years.
Shares of Blackrock Muni Intermediate Drtn Fnd (NYSE:MUI) traded down $0.03 during mid-day trading on Tuesday, reaching $13.96. The company had a trading volume of 90,800 shares, compared to its average volume of 94,202. Blackrock Muni Intermediate Drtn Fnd has a 1-year low of $13.45 and a 1-year high of $14.41.
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About Blackrock Muni Intermediate Drtn Fnd
BlackRock Muni Intermediate Duration Fund, Inc (the Fund) is a closed-end management investment company. The Fund’s investment objective is to provide common shareholders with high current income exempt from federal income taxes. The Fund seeks to achieve its investment objective by investing approximately 80% of its assets 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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