BlackRock Insured Municipal Income Inves (NYSE:BAF) declared a monthly dividend on Monday, February 5th, Wall Street Journal reports. Investors of record on Thursday, February 15th will be given a dividend of 0.0685 per share on Thursday, March 1st. This represents a $0.82 annualized dividend and a dividend yield of 5.90%. The ex-dividend date of this dividend is Wednesday, February 14th.
BlackRock Insured Municipal Income Inves has decreased its dividend payment by an average of 5.9% per year over the last three years.
BlackRock Insured Municipal Income Inves (NYSE:BAF) opened at $13.94 on Tuesday. BlackRock Insured Municipal Income Inves has a 52 week low of $13.93 and a 52 week high of $15.58.
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About BlackRock Insured Municipal Income Inves
BlackRock Municipal Income Investment Quality Trust is a non-diversified, closed-end management investment company. The Trust’s investment objective is to provide current income exempt from federal income tax, including the alternative minimum tax and Florida intangible property tax. It seeks to achieve its investment objective by investing at least 80% of its managed assets in municipal bonds exempt from federal income taxes, including the alternative minimum tax.
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