Blackrock Muniassets Fund (NYSE:MUA) announced a monthly dividend on Tuesday, April 3rd, Wall Street Journal reports. Investors of record on Monday, April 16th will be given a dividend of 0.0545 per share by the investment management company on Tuesday, May 1st. This represents a $0.65 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date is Friday, April 13th.
Blackrock Muniassets Fund has decreased its dividend payment by an average of 8.6% annually over the last three years.
MUA opened at $13.51 on Friday. Blackrock Muniassets Fund has a twelve month low of $13.31 and a twelve month high of $15.84.
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About Blackrock Muniassets Fund
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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