BlackRock Municipal Income Fund, Inc. (NYSE:MUI) to Issue $0.06 Monthly Dividend

BlackRock Municipal Income Fund, Inc. (NYSE:MUI) declared a monthly dividend on Thursday, November 16th, Wall Street Journal reports. Stockholders of record on Friday, January 12th will be given a dividend of 0.055 per share on Thursday, February 1st. This represents a $0.66 annualized dividend and a dividend yield of 6.03%. The ex-dividend date is Thursday, January 11th.

BlackRock Municipal Income Fund Stock Up 2.0 %

Shares of MUI stock opened at $10.94 on Friday. The stock has a fifty day moving average of $10.30 and a 200 day moving average of $10.94. BlackRock Municipal Income Fund has a 52 week low of $9.73 and a 52 week high of $12.15.

Hedge Funds Weigh In On BlackRock Municipal Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE boosted its position in BlackRock Municipal Income Fund by 11.0% during the 1st quarter. Bank of America Corp DE now owns 1,170,188 shares of the company’s stock valued at $15,365,000 after acquiring an additional 115,619 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of BlackRock Municipal Income Fund by 162.0% in the 2nd quarter. Wells Fargo & Company MN now owns 800,384 shares of the company’s stock valued at $9,533,000 after purchasing an additional 494,931 shares during the period. UBS Group AG boosted its position in shares of BlackRock Municipal Income Fund by 1.4% during the first quarter. UBS Group AG now owns 330,572 shares of the company’s stock valued at $4,340,000 after purchasing an additional 4,681 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of BlackRock Municipal Income Fund by 100.7% during the first quarter. Rockefeller Capital Management L.P. now owns 239,075 shares of the company’s stock valued at $2,792,000 after purchasing an additional 119,977 shares in the last quarter. Finally, Guggenheim Capital LLC grew its stake in BlackRock Municipal Income Fund by 75.0% in the first quarter. Guggenheim Capital LLC now owns 215,523 shares of the company’s stock worth $2,830,000 after purchasing an additional 92,351 shares during the period.

BlackRock Municipal Income Fund Company Profile

BlackRock Muni Intermediate Duration 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 fixed income markets. It primarily invests in investment grade municipal bonds exempt from federal income taxes and with a duration of three to ten years at the time of investment.