BlackRock Municipal Income Trust II to Issue Monthly Dividend of $0.05 (NYSEAMERICAN:BLE)

BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE – Get Rating) declared a monthly dividend on Tuesday, April 5th, Wall Street Journal reports. Shareholders of record on Thursday, April 14th will be given a dividend of 0.052 per share on Monday, May 2nd. This represents a $0.62 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date is Wednesday, April 13th.

Shares of NYSEAMERICAN BLE opened at $11.81 on Tuesday. BlackRock Municipal Income Trust II has a 12 month low of $11.78 and a 12 month high of $16.18.

A number of large investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN raised its holdings in BlackRock Municipal Income Trust II by 83.9% in the 2nd quarter. Wells Fargo & Company MN now owns 101,663 shares of the company’s stock valued at $1,601,000 after acquiring an additional 46,378 shares in the last quarter. Morgan Stanley raised its holdings in BlackRock Municipal Income Trust II by 122.0% in the 2nd quarter. Morgan Stanley now owns 267,130 shares of the company’s stock valued at $4,207,000 after acquiring an additional 146,786 shares in the last quarter. Royal Bank of Canada raised its holdings in BlackRock Municipal Income Trust II by 3.2% in the 3rd quarter. Royal Bank of Canada now owns 61,277 shares of the company’s stock valued at $927,000 after acquiring an additional 1,900 shares in the last quarter. Cetera Investment Advisers raised its holdings in BlackRock Municipal Income Trust II by 20.3% in the 4th quarter. Cetera Investment Advisers now owns 14,064 shares of the company’s stock valued at $213,000 after acquiring an additional 2,369 shares in the last quarter. Finally, Millennium Management LLC acquired a new position in BlackRock Municipal Income Trust II in the 4th quarter valued at $540,000.

About BlackRock Municipal Income Trust II (Get Rating)

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.

Recommended Stories