Blackrock Strategic Municipal Trust Fund (NYSE:BSD) declared a monthly dividend on Thursday, March 1st, Zacks reports. Shareholders of record on Thursday, March 15th will be paid a dividend of 0.057 per share by the financial services provider on Monday, April 2nd. This represents a $0.68 annualized dividend and a yield of 5.34%. The ex-dividend date is Wednesday, March 14th.
Blackrock Strategic Municipal Trust Fund has decreased its dividend payment by an average of 9.9% annually over the last three years.
Blackrock Strategic Municipal Trust Fund (NYSE:BSD) opened at $12.81 on Tuesday. Blackrock Strategic Municipal Trust Fund has a 1-year low of $12.81 and a 1-year 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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