BlackRock MuniAssets Fund, Inc. (MUA) to Issue Monthly Dividend of $0.06 on May 1st

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) declared a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, April 15th will be paid a dividend of 0.0555 per share by the investment management company on Thursday, May 1st. This represents a $0.67 dividend on an annualized basis and a yield of 6.25%. The ex-dividend date is Tuesday, April 15th.

BlackRock MuniAssets Fund Stock Down 2.3 %

Shares of MUA opened at $10.66 on Friday. BlackRock MuniAssets Fund has a 1-year low of $10.61 and a 1-year high of $12.69. The firm’s 50-day moving average price is $10.97 and its 200-day moving average price is $11.50.

About BlackRock MuniAssets Fund

BlackRock MuniAssets 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 seeks to provide current income exempt from federal income taxes by investing primarily in a portfolio of medium-to-lower grade or unrated municipal obligations the interest on which is exempt from federal income taxes.