BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) to Issue Dividend Increase – $0.05 Per Share

BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) announced a monthly dividend on Thursday, November 16th, Wall Street Journal reports. Stockholders of record on Friday, January 12th will be paid a dividend of 0.0525 per share on Thursday, February 1st. This represents a $0.63 annualized dividend and a dividend yield of 5.66%. The ex-dividend date of this dividend is Thursday, January 11th. This is an increase from BlackRock MuniHoldings Fund’s previous monthly dividend of $0.04.

BlackRock MuniHoldings Fund Stock Up 1.8 %

BlackRock MuniHoldings Fund stock opened at $11.13 on Friday. The stock’s 50 day moving average is $10.54 and its 200 day moving average is $11.17. BlackRock MuniHoldings Fund has a one year low of $9.92 and a one year high of $12.54.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. bought a new stake in BlackRock MuniHoldings Fund in the first quarter worth approximately $109,000. Nomura Holdings Inc. acquired a new position in shares of BlackRock MuniHoldings Fund during the 1st quarter valued at $120,000. Virtu Financial LLC acquired a new stake in BlackRock MuniHoldings Fund in the fourth quarter worth $134,000. Talisman Wealth Advisors LLC bought a new position in shares of BlackRock MuniHoldings Fund during the 4th quarter worth about $147,000. Finally, Equitable Holdings Inc. acquired a new stake in shares of BlackRock MuniHoldings Fund in the 1st quarter valued at about $157,000.

BlackRock MuniHoldings Fund Company Profile

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.