Blackrock Strategic Municipal (NYSE:BSD) declared a monthly dividend on Tuesday, April 3rd, Wall Street Journal reports. Shareholders of record on Monday, April 16th will be paid a dividend of 0.057 per share by the financial services provider on Tuesday, May 1st. This represents a $0.68 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date is Friday, April 13th.
Blackrock Strategic Municipal has decreased its dividend by an average of 9.9% per year over the last three years.
BSD stock traded down $0.05 during mid-day trading on Wednesday, reaching $12.61. 3,899 shares of the company’s stock were exchanged, compared to its average volume of 20,518. Blackrock Strategic Municipal has a 12-month low of $12.41 and a 12-month high of $15.61.
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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