BlackRock MuniVest Fund Inc. (NYSEAMERICAN:MVF) declared a monthly dividend on Wednesday, June 3rd, Wall Street Journal reports. Shareholders of record on Monday, June 15th will be given a dividend of 0.0335 per share by the investment management company on Wednesday, July 1st. This represents a $0.40 annualized dividend and a dividend yield of 4.81%. The ex-dividend date is Friday, June 12th.
BlackRock MuniVest Fund has decreased its dividend by an average of 22.6% per year over the last three years.
Shares of NYSEAMERICAN:MVF traded down $0.12 during trading on Thursday, hitting $8.35. The company’s stock had a trading volume of 2,641 shares, compared to its average volume of 154,611. BlackRock MuniVest Fund has a fifty-two week low of $6.06 and a fifty-two week high of $9.60.
About BlackRock MuniVest Fund
BlackRock MuniVest 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, long term municipal obligations that are exempt from federal income taxes.
Further Reading: Recession
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