BlackRock MuniVest Fund Inc. (NYSEAMERICAN:MVF) announced a monthly dividend on Monday, January 6th, Wall Street Journal reports. Investors of record on Wednesday, January 15th will be paid a dividend of 0.0335 per share by the investment management company on Monday, February 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date is Tuesday, January 14th.
BlackRock MuniVest Fund has decreased its dividend by an average of 11.5% per year over the last three years.
BlackRock MuniVest Fund stock traded up $0.01 during midday trading on Monday, reaching $9.08. The stock had a trading volume of 7,050 shares, compared to its average volume of 143,350. BlackRock MuniVest Fund has a 12 month low of $8.36 and a 12 month high of $9.52.
In other news, insider Henshaw Richard sold 99,225 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $1.03, for a total transaction of $101,804.85.
About BlackRock MuniVest Fund
BlackRock MuniVest Fund, Inc is a non-diversified, closed-end management investment company. The Trust’s investment objective is to provide shareholders with as high a level of current income exempt from federal income taxes as is consistent with its investment policies and prudent investment management.
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