Looking at the universe of stocks we cover at Dividend Channel, on 7/11/13, BlackRock Municipal Income Investment Quality Trust (BAF) will trade ex-dividend, for its monthly dividend of $0.0685, payable on 8/1/13. As a percentage of BAF's recent stock price of $13.29, this dividend works out to approximately 0.52%, so look for shares of BlackRock Municipal Income Investment Quality Trust to trade 0.52% lower — all else being equal — when BAF shares open for trading on 7/11/13.
Below is a dividend history chart for BAF, showing historical dividends prior to the most recent $0.0685 declared by BlackRock Municipal Income Investment Quality Trust:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from BAF is likely to continue, and whether the current estimated yield of 6.19% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of BAF shares, versus its 200 day moving average:Looking at the chart above, BAF's low point in its 52 week range is $12.90 per share, with $17.49 as the 52 week high point — that compares with a last trade of $13.29.
In Wednesday trading, BlackRock Municipal Income Investment Quality Trust shares are currently trading flat on the day.