BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Plans $0.06 Monthly Dividend

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) announced a monthly dividend on Friday, May 3rd, Wall Street Journal reports. Investors of record on Wednesday, May 15th will be given a dividend of 0.0555 per share by the investment management company on Monday, June 3rd. This represents a $0.67 dividend on an annualized basis and a yield of 6.07%. The ex-dividend date of this dividend is Tuesday, May 14th.

BlackRock MuniAssets Fund Price Performance

Shares of BlackRock MuniAssets Fund stock traded up $0.06 during midday trading on Friday, reaching $10.97. The company had a trading volume of 118,238 shares, compared to its average volume of 87,002. The stock has a fifty day moving average price of $11.07 and a 200 day moving average price of $10.54. BlackRock MuniAssets Fund has a fifty-two week low of $8.61 and a fifty-two week high of $11.43.

About BlackRock MuniAssets Fund

BlackRock MuniAssets 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 seeks to provide current income exempt from federal income taxes by investing primarily in a portfolio of medium-to-lower grade or unrated municipal obligations the interest on which is exempt from federal income taxes.