Looking at the universe of stocks we cover at Dividend Channel, on 7/11/13, BlackRock Municipal Income Trust (BFK) will trade ex-dividend, for its monthly dividend of $0.0751, payable on 8/1/13. As a percentage of BFK's recent stock price of $13.08, this dividend works out to approximately 0.57%, so look for shares of BlackRock Municipal Income Trust to trade 0.57% lower — all else being equal — when BFK shares open for trading on 7/11/13.
Below is a dividend history chart for BFK, showing historical dividends prior to the most recent $0.0751 declared by BlackRock Municipal Income Trust:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from BFK is likely to continue, and whether the current estimated yield of 6.89% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of BFK shares, versus its 200 day moving average:Looking at the chart above, BFK's low point in its 52 week range is $12.91 per share, with $16.79 as the 52 week high point — that compares with a last trade of $13.08.
According to the ETF Finder at ETF Channel, BFK makes up 1.31% of the CEF Municipal Income ETF (XMPT) which is trading relatively unchanged on the day Wednesday. In Wednesday trading, BlackRock Municipal Income Trust shares are currently off about 0.9% on the day.
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