BlackRock Municipal Income Quality Trust Announces Monthly Dividend of $0.06 (NYSE:BYM)

BlackRock Municipal Income Quality Trust (NYSE:BYM) announced a monthly dividend on Friday, December 12th. Investors of record on Monday, December 22nd will be given a dividend of 0.0555 per share on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date is Monday, December 22nd.

BlackRock Municipal Income Quality Trust Price Performance

Shares of NYSE:BYM opened at $10.91 on Friday. BlackRock Municipal Income Quality Trust has a fifty-two week low of $10.06 and a fifty-two week high of $11.51. The business has a 50-day simple moving average of $10.96 and a two-hundred day simple moving average of $10.72.

BlackRock Municipal Income Quality Trust Company Profile

BlackRock Municipal Income Quality Trust (NYSE:BYM) is a non-diversified, closed-end management investment company that primarily invests in investment grade municipal debt obligations. The trust’s objective is to provide current income exempt from federal income taxes, with a secondary emphasis on preserving capital. It achieves this by allocating its assets among a diversified portfolio of municipal bonds, variable rate demand notes and other municipal-related securities issued by U.S. state and local governments and their agencies.

Managed by BlackRock Fund Advisors, part of BlackRock, Inc, BYM leverages the firm’s extensive municipal bond research and credit analysis capabilities.