BlackRock MuniHoldings Fund, Inc. to Issue Monthly Dividend of $0.06 (NYSE:MHD)

BlackRock MuniHoldings Fund, Inc. (NYSE:MHD – Get Rating) declared a monthly dividend on Wednesday, May 4th, Wall Street Journal reports. Stockholders of record on Monday, May 16th will be paid a dividend of 0.0605 per share on Wednesday, June 1st. This represents a $0.73 annualized dividend and a dividend yield of 5.58%. The ex-dividend date of this dividend is Friday, May 13th.

BlackRock MuniHoldings Fund has raised its dividend payment by an average of 350.1% annually over the last three years.

Shares of NYSE MHD opened at $13.00 on Thursday. BlackRock MuniHoldings Fund has a 12 month low of $12.76 and a 12 month high of $17.50. The stock has a 50 day moving average of $13.85 and a 200-day moving average of $15.34.

Hedge funds and other institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN boosted its stake in shares of BlackRock MuniHoldings Fund by 8.7% during the 4th quarter. Wells Fargo & Company MN now owns 456,653 shares of the company’s stock worth $7,653,000 after acquiring an additional 36,522 shares during the period. Morgan Stanley lifted its holdings in BlackRock MuniHoldings Fund by 0.4% during the 2nd quarter. Morgan Stanley now owns 435,172 shares of the company’s stock worth $7,302,000 after purchasing an additional 1,603 shares during the last quarter. Flagship Harbor Advisors LLC boosted its stake in BlackRock MuniHoldings Fund by 0.7% in the 4th quarter. Flagship Harbor Advisors LLC now owns 261,539 shares of the company’s stock valued at $4,383,000 after purchasing an additional 1,716 shares during the period. LPL Financial LLC increased its position in BlackRock MuniHoldings Fund by 14.9% during the 4th quarter. LPL Financial LLC now owns 58,693 shares of the company’s stock worth $984,000 after buying an additional 7,604 shares during the period. Finally, NewEdge Advisors LLC bought a new position in BlackRock MuniHoldings Fund during the 4th quarter worth $275,000.

BlackRock MuniHoldings Fund Company Profile (Get Rating)

BlackRock MuniHoldings 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 the fixed income markets of the United States. It primarily invests in investment grade municipal bonds that are exempt from federal income taxes.

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