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

BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) announced a monthly dividend on Friday, December 6th,NASDAQ Dividends reports. Stockholders of record on Monday, December 16th will be paid a dividend of 0.0545 per share by the financial services provider on Tuesday, December 31st. This represents a $0.65 annualized dividend and a dividend yield of 5.59%. The ex-dividend date is Monday, December 16th.

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 Stock Performance

Shares of MIY traded down $0.11 on Friday, reaching $11.70. The stock had a trading volume of 89,190 shares, compared to its average volume of 53,872. BlackRock MuniYield Michigan Quality Fund has a twelve month low of $10.96 and a twelve month high of $12.11. The firm has a 50-day moving average of $11.78 and a 200 day moving average of $11.67.

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.