This 5.5% Dividend Just Exploded, Walloped Stocks [Forbes]
BlackRock Municipal Income Fund, Inc. (MUI)
US:NYSE Investor Relations:
blackrock.com/investing/products/240205/blackrock-muni-intermediate-duration-fund-inc-usd-fund
Company Research
Source: Forbes
Every now and then in income investing, we get a sweet setup where a “boring” high yielder absolutely soars—practically overnight. I recently saw such a scenario play out with a called the BlackRock Municipal Income Fund (MUI) . I bring it up now because what happened with MUI has a lot to teach us about how we can get stock-like gains from a so-called “boring” income play like this. Despite its sleepy-sounding name, MUI is what I consider a “triple threat” investment because it can pay us in three different ways: Its dividend , which yields a high 5.5% and has been remarkably stable, even throughout the low-rate 2010s. Its tax advantages: Since it's a municipal-bond fund, MUI's dividend is tax-free for most Americans. So if you're in the top tax bracket, that 5.5% could equal an 8.7% payout from “regular” stocks and funds. Its closing discount to net asset value (NAV). These markdowns only exist with CEFs: When we buy these funds at unusually large discounts, we can ride a
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MUI
News
- Board of BlackRock Municipal Income Fund, Inc. (MUI) Approves Conversion to Unlisted Closed-End Interval Fund StructureBusiness Wire
- BlackRock Municipal Income Fund, Inc. (MUI) Announces Tender Offer Contingent Upon Approval of Conversion of MUI to Unlisted Closed-End Interval Fund StructureBusiness Wire
MUI
Sec Filings
- 6/7/24 - Form DEFA14A
- 6/7/24 - Form SC
- 5/23/24 - Form DEFA14A
- MUI's page on the SEC website