BlackRock Municipal Income Fund, Inc. (NYSE:MUI) Plans $0.06 Monthly Dividend

BlackRock Municipal Income Fund, Inc. (NYSE:MUI) declared a monthly dividend on Wednesday, May 1st, Zacks reports. Stockholders of record on Wednesday, May 15th will be paid a dividend of 0.055 per share on Monday, June 3rd. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.67%. The ex-dividend date is Tuesday, May 14th.

BlackRock Municipal Income Fund Trading Up 1.0 %

Shares of MUI traded up $0.11 during mid-day trading on Friday, reaching $11.64. The company had a trading volume of 100,504 shares, compared to its average volume of 182,304. BlackRock Municipal Income Fund has a twelve month low of $9.73 and a twelve month high of $12.09. The company’s 50-day moving average is $11.79 and its 200-day moving average is $11.41.

About BlackRock Municipal Income Fund

BlackRock Muni Intermediate Duration Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It primarily invests in investment grade municipal bonds exempt from federal income taxes and with a duration of three to ten years at the time of investment.