BlackRock MuniEnhanced Fund, Inc. (NYSE:MEN) announced a monthly dividend on Monday, February 5th, Wall Street Journal reports. Investors of record on Thursday, February 15th will be given a dividend of 0.048 per share by the closed-end fund on Thursday, March 1st. This represents a $0.58 annualized dividend and a dividend yield of 5.40%. The ex-dividend date is Wednesday, February 14th.
BlackRock MuniEnhanced Fund has decreased its dividend payment by an average of 8.5% per year over the last three years.
Shares of BlackRock MuniEnhanced Fund (MEN) opened at $10.67 on Tuesday. BlackRock MuniEnhanced Fund has a 12-month low of $10.61 and a 12-month high of $12.45.
BlackRock MuniEnhanced Fund, Inc (the Fund) is a non-diversified closed-end management investment company. The Fund’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 investment management.
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