BlackRock MuniEnhanced Fund, Inc. (MEN) to Issue Monthly Dividend of $0.05

BlackRock MuniEnhanced Fund, Inc. (NYSE:MEN) declared a monthly dividend on Monday, December 4th, Wall Street Journal reports. Shareholders of record on Tuesday, December 12th will be paid a dividend of 0.048 per share by the closed-end fund on Friday, December 29th. This represents a $0.58 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date is Monday, December 11th.

BlackRock MuniEnhanced Fund has decreased its dividend payment by an average of 0.7% annually over the last three years.

Shares of BlackRock MuniEnhanced Fund (MEN) traded down $0.02 during trading on Tuesday, reaching $12.01. 47,000 shares of the company’s stock were exchanged, compared to its average volume of 56,511. BlackRock MuniEnhanced Fund has a fifty-two week low of $11.02 and a fifty-two week high of $12.45.

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About BlackRock MuniEnhanced Fund

BlackRock MuniEnhanced Fund, Inc (the Fund) is a non-diversified closed-end management investment company. The Fund’s investment objective is to provide shareholders with as high a level of current income exempt from federal income taxes as is consistent with its investment policies and investment management.

Dividend History for BlackRock MuniEnhanced Fund (NYSE:MEN)

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