Blackrock MuniEnhanced Fund Inc. (NYSE:MEN) to Issue $0.04 Monthly Dividend

Blackrock MuniEnhanced Fund Inc. (NYSE:MEN) declared a monthly dividend on Monday, July 1st, NASDAQ reports. Investors of record on Monday, July 15th will be paid a dividend of 0.039 per share by the closed-end fund on Thursday, August 1st. This represents a $0.47 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend is Friday, July 12th.

Blackrock MuniEnhanced Fund has decreased its dividend by an average of 4.4% annually over the last three years.

Shares of MEN opened at $11.10 on Wednesday. Blackrock MuniEnhanced Fund has a one year low of $9.63 and a one year high of $11.23. The stock has a fifty day moving average price of $10.95.

About Blackrock MuniEnhanced Fund

BlackRock MuniEnhanced 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 the fixed income markets of the United States. It primarily invests in investment grade, long-term municipal bonds that are exempt from federal income taxes.

Further Reading: Beta

Dividend History for Blackrock MuniEnhanced Fund (NYSE:MEN)

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