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BlackRock (NYSE:BLK) Municipal Income Trust (BFK) stock has touched a 52-week low, dipping to $9.69. Despite the current bearish sentiment, the $434 million fund maintains a notable 6.06% dividend yield and has sustained dividend payments for 25 consecutive years, according to InvestingPro data. While the current price level sits near the 52-week low, the fund has actually posted a positive YTD return of 1.93%. The movement in price suggests investors may be reacting to broader economic concerns, potentially reassessing the risk and return profile of municipal bonds within their portfolios. InvestingPro offers additional insights, with several more exclusive tips available to subscribers looking to make informed investment decisions in the municipal bond market.
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