BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY – Get Free Report) declared a monthly dividend on Thursday, September 12th, NASDAQ reports. Stockholders of record on Tuesday, October 15th will be paid a dividend of 0.0545 per share by the financial services provider on Friday, November 1st. This represents a $0.65 annualized dividend and a dividend yield of 5.49%. The ex-dividend date is Tuesday, October 15th. This is a boost from BlackRock MuniYield Michigan Quality Fund’s previous monthly dividend of $0.05.
BlackRock MuniYield Michigan Quality Fund has decreased its dividend by an average of 10.8% per year over the last three years.
BlackRock MuniYield Michigan Quality Fund Price Performance
Shares of BlackRock MuniYield Michigan Quality Fund stock opened at $11.91 on Friday. The business has a 50-day moving average price of $11.84 and a 200 day moving average price of $11.52. BlackRock MuniYield Michigan Quality Fund has a fifty-two week low of $9.45 and a fifty-two week high of $12.11.
About BlackRock MuniYield Michigan Quality Fund
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.
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