Today’s Dividend Alert: $0.06 just might be within reach for Blackrock Muni Intermediate Duration Fund Inc (NYSE:MUI) shareholder.

Today's Dividend Alert: $0.06 just might be within reach for Blackrock Muni Intermediate Duration Fund Inc (NYSE:MUI) shareholder.

Blackrock Muni Intermediate Duration Fund Inc (NYSE:MUI) is expected to pay $0.06 on Nov 1, 2016. The indicated annual dividend is $0.72. Shareholders owning the stock before Oct 12, 2016 will be eligible to receive the payout. Based on Blackrock Muni Intermediate Duration Fund Inc’s current price of $14.99, the dividend is 0.37%. This dividend’s record date is Oct 14, 2016 and the announcement date is Oct 5, 2016. The stock increased 0.60% or $0.09 on October 10, hitting $14.99. Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI) has risen 2.46% since March 8, 2016 and is uptrending. It has underperformed by 6.86% the S&P500.

BlackRock Muni Intermediate Duration Fund, Inc. is a closed-end management investment company. The company has a market cap of $574.83 million. The Fund’s investment objective is to provide common shareholders with high current income exempt from federal income taxes. It currently has negative earnings. The Fund seeks to achieve its investment objective by investing approximately 80% of its assets in municipal bonds exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax).

Insitutional Activity: The institutional sentiment decreased to 0.96 in Q2 2016. Its down 0.22, from 1.18 in 2016Q1. The ratio is negative, as 7 funds sold all Blackrock Muni Intermediate Drtn Fnd Inc shares owned while 20 reduced positions. 10 funds bought stakes while 16 increased positions. They now own 5.78 million shares or 3.27% more from 5.60 million shares in 2016Q1.
The New Jersey-based Kcg has invested 0.01% in Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI). Raymond James & Associate, a Florida-based fund reported 82,470 shares. Goodwin Daniel L has 21,300 shares for 0.1% of their US portfolio. Citigroup has invested 0% of its portfolio in Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI). United Capital Fin Advisers Ltd Llc has 33,000 shares for 0.01% of their US portfolio. The Kansas-based Creative Planning has invested 0% in Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI). Karpus Mngmt accumulated 0.78% or 997,196 shares. Rmb Capital Ltd Com has 23,350 shares for 0.02% of their US portfolio. Fifth Third Natl Bank last reported 2 shares in the company. Rock Point Advsrs Limited Liability Corp accumulated 78,545 shares or 0.64% of the stock. Deutsche Natl Bank Ag holds 0% of its portfolio in Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI) for 14,095 shares. Blackrock Investment Mgmt Limited Co has 1 shares for 0% of their US portfolio. Van Eck Associates, a New York-based fund reported 119,306 shares. Robinson Management Limited Liability Company last reported 70,916 shares in the company. Ameritas Investment Prtn accumulated 1,700 shares or 0% of the stock.

MUI Company Profile

BlackRock Muni Intermediate Duration Fund, Inc. (the Fund), formerly Muni Intermediate Duration Fund, Inc., is a non-diversified, closed-end management investment company. It seeks to provide shareholders with high current income exempt from federal income taxes.

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