BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) to Issue Dividend of $0.05

BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) declared a dividend on Thursday, August 1st, NASDAQ reports. Investors of record on Thursday, August 15th will be paid a dividend of 0.0465 per share by the financial services provider on Tuesday, September 3rd. The ex-dividend date of this dividend is Thursday, August 15th.

BlackRock MuniYield Michigan Quality Fund has decreased its dividend payment by an average of 10.8% annually over the last three years.

BlackRock MuniYield Michigan Quality Fund Trading Up 0.6 %

NYSE:MIY traded up $0.07 during mid-day trading on Friday, hitting $11.74. The company had a trading volume of 118,042 shares, compared to its average volume of 43,472. BlackRock MuniYield Michigan Quality Fund has a 1 year low of $9.45 and a 1 year high of $11.75. The business has a fifty day simple moving average of $11.42 and a 200-day simple moving average of $11.37.

BlackRock MuniYield Michigan Quality Fund Company Profile

BlackRock MuniYield Michigan Quality Fund, Inc is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade, long-term municipal obligations exempt from federal income taxes and Michigan income taxes.