BlackRock Municipal Income Quality Trust (NYSE:BYM) Announces Monthly Dividend of $0.05

BlackRock Municipal Income Quality Trust (NYSE:BYM) announced a monthly dividend on Tuesday, November 14th, Zacks reports. Stockholders of record on Friday, December 15th will be given a dividend of 0.052 per share on Friday, December 29th. This represents a $0.62 annualized dividend and a dividend yield of 6.11%. The ex-dividend date of this dividend is Thursday, December 14th. This is a positive change from BlackRock Municipal Income Quality Trust’s previous monthly dividend of $0.04.

BlackRock Municipal Income Quality Trust Trading Up 0.3 %

NYSE:BYM opened at $10.22 on Thursday. BlackRock Municipal Income Quality Trust has a twelve month low of $9.30 and a twelve month high of $12.14. The stock has a fifty day simple moving average of $9.93 and a 200-day simple moving average of $10.63.

Institutional Trading of BlackRock Municipal Income Quality Trust

Institutional investors and hedge funds have recently made changes to their positions in the business. Virtu Financial LLC bought a new stake in shares of BlackRock Municipal Income Quality Trust in the fourth quarter valued at about $122,000. Ameriprise Financial Inc. raised its holdings in shares of BlackRock Municipal Income Quality Trust by 38.8% in the third quarter. Ameriprise Financial Inc. now owns 15,592 shares of the company’s stock valued at $154,000 after acquiring an additional 4,357 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of BlackRock Municipal Income Quality Trust in the first quarter valued at about $208,000. Raymond James Financial Services Advisors Inc. raised its holdings in shares of BlackRock Municipal Income Quality Trust by 12.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 19,898 shares of the company’s stock valued at $226,000 after acquiring an additional 2,232 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of BlackRock Municipal Income Quality Trust by 55.9% in the third quarter. Royal Bank of Canada now owns 36,371 shares of the company’s stock valued at $399,000 after acquiring an additional 13,045 shares in the last quarter.

About BlackRock Municipal Income Quality Trust

BlackRock Municipal Income Quality Trust 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 exempt from federal income taxes, including the alternative minimum tax.