Blackrock MuniEnhanced Fund Inc. (NYSE:MEN) declared a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Investors of record on Monday, October 16th will be paid a dividend of 0.0565 per share by the closed-end fund on Wednesday, November 1st. This represents a $0.68 annualized dividend and a yield of 5.68%. The ex-dividend date is Friday, October 13th. This is an increase from Blackrock MuniEnhanced Fund’s previous monthly dividend of $0.06.
Blackrock MuniEnhanced Fund has decreased its dividend by an average of 0.7% per year over the last three years.
Shares of Blackrock MuniEnhanced Fund (NYSE:MEN) opened at 11.945 on Thursday. The stock has a 50 day moving average price of $12.10 and a 200-day moving average price of $11.98. Blackrock MuniEnhanced Fund has a 52-week low of $10.92 and a 52-week high of $12.46.
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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.
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