Blackrock Strategic Municipal Trust Fund (NYSE:BSD) announced a monthly dividend on Monday, February 5th, Wall Street Journal reports. Investors of record on Thursday, February 15th will be given a dividend of 0.065 per share by the financial services provider on Thursday, March 1st. This represents a $0.78 dividend on an annualized basis and a yield of 5.91%. The ex-dividend date is Wednesday, February 14th.
Blackrock Strategic Municipal Trust Fund has decreased its dividend payment by an average of 9.9% annually over the last three years.
Shares of Blackrock Strategic Municipal Trust Fund (BSD) opened at $13.19 on Tuesday. Blackrock Strategic Municipal Trust Fund has a 52 week low of $13.03 and a 52 week high of $15.61.
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Blackrock Strategic Municipal Trust (the Trust) is a diversified closed-end management investment company. The Trust’s investment objective is to provide current income that is exempt from regular federal income tax and to invest in municipal bonds that over time will perform better than the broader municipal bond market.
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