BlackRock Municipal Income Trust II Declares Monthly Dividend of $0.05 (NYSE:BLE)

by · The Cerbat Gem

BlackRock Municipal Income Trust II (NYSE:BLE – Get Free Report) announced a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.054 per share on Tuesday, April 1st. This represents a $0.65 annualized dividend and a yield of 6.03%. The ex-dividend date is Friday, March 14th.

BlackRock Municipal Income Trust II has decreased its dividend payment by an average of 2.5% per year over the last three years.

BlackRock Municipal Income Trust II Price Performance

NYSE:BLE traded down $0.06 during trading hours on Tuesday, reaching $10.74. 98,934 shares of the company were exchanged, compared to its average volume of 76,798. BlackRock Municipal Income Trust II has a 1-year low of $10.30 and a 1-year high of $11.41.

About BlackRock Municipal Income Trust II

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BlackRock Municipal Income Trust II 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 long-term and short-term investments, and money market funds. The fund primarily in investment grade municipal bonds that are exempt from regular federal income tax.

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