BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) Announces $0.07 Monthly Dividend

BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKNGet Rating) declared a monthly dividend on Tuesday, April 5th, Wall Street Journal reports. Investors of record on Thursday, April 14th will be paid a dividend of 0.068 per share on Monday, May 2nd. This represents a $0.82 annualized dividend and a yield of 5.89%. The ex-dividend date of this dividend is Wednesday, April 13th.

BlackRock Investment Quality Municipal Trust stock opened at $13.85 on Tuesday. BlackRock Investment Quality Municipal Trust has a 1 year low of $13.80 and a 1 year high of $20.00. The firm has a 50-day moving average of $15.29.

Several hedge funds and other institutional investors have recently bought and sold shares of BKN. Millennium Management LLC acquired a new position in BlackRock Investment Quality Municipal Trust during the 4th quarter valued at approximately $234,000. Royal Bank of Canada increased its stake in shares of BlackRock Investment Quality Municipal Trust by 13.5% in the third quarter. Royal Bank of Canada now owns 19,293 shares of the company’s stock worth $333,000 after acquiring an additional 2,300 shares during the period. Wells Fargo & Company MN increased its stake in shares of BlackRock Investment Quality Municipal Trust by 21.3% in the fourth quarter. Wells Fargo & Company MN now owns 24,841 shares of the company’s stock worth $431,000 after acquiring an additional 4,369 shares during the period. LPL Financial LLC boosted its holdings in BlackRock Investment Quality Municipal Trust by 2.1% during the fourth quarter. LPL Financial LLC now owns 110,414 shares of the company’s stock worth $1,916,000 after buying an additional 2,296 shares in the last quarter. Finally, UBS Group AG boosted its holdings in BlackRock Investment Quality Municipal Trust by 33.3% during the third quarter. UBS Group AG now owns 141,774 shares of the company’s stock worth $2,447,000 after buying an additional 35,432 shares in the last quarter. Hedge funds and other institutional investors own 14.11% of the company’s stock.

BlackRock Investment Quality Municipal Trust Company Profile (Get Rating)

BlackRock Investment Quality Municipal Trust 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 invests primarily in investment grade municipal bonds municipal obligations exempt from federal income taxes.

See Also

Dividend History for BlackRock Investment Quality Municipal Trust (NYSE:BKN)

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