Blackrock Muniassets Fund, Inc. (NYSE:MUA) announced a monthly dividend on Monday, March 5th, Wall Street Journal reports. Investors of record on Thursday, March 15th will be given a dividend of 0.0545 per share by the investment management company on Monday, April 2nd. This represents a $0.65 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date is Wednesday, March 14th.
Blackrock Muniassets Fund has decreased its dividend by an average of 8.6% per year over the last three years.
Blackrock Muniassets Fund (NYSE:MUA) traded up $0.03 on Monday, hitting $13.68. 44,744 shares of the stock traded hands, compared to its average volume of 57,570. Blackrock Muniassets Fund has a 52-week low of $13.57 and a 52-week high of $15.84.
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Blackrock Muniassets Fund Company Profile
BlackRock MuniAssets Fund, Inc is a non-diversified closed-end management investment company. The Fund’s investment objective is to provide high current income exempt from federal income taxes by investing primarily in a portfolio of medium- to lower-grade or unrated municipal obligations. The Fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in municipal bonds exempt from federal income taxes.
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