BlackRock Municipal Income Quality Trust (NYSE:BYM) Plans Monthly Dividend of $0.05

BlackRock Municipal Income Quality Trust (NYSE:BYM) declared a monthly dividend on Wednesday, May 1st, Zacks reports. Investors of record on Wednesday, May 15th will be given a dividend of 0.052 per share on Monday, June 3rd. This represents a $0.62 dividend on an annualized basis and a yield of 5.65%. The ex-dividend date is Tuesday, May 14th.

BlackRock Municipal Income Quality Trust Price Performance

BYM stock traded up $0.08 during trading on Friday, reaching $11.05. 66,485 shares of the company were exchanged, compared to its average volume of 58,175. The company has a 50-day moving average of $11.33 and a two-hundred day moving average of $11.00. BlackRock Municipal Income Quality Trust has a twelve month low of $9.30 and a twelve month high of $11.65.

About BlackRock Municipal Income Quality Trust

BlackRock Municipal Income Quality Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade municipal bonds exempt from federal income taxes, including the alternative minimum tax.