BlackRock MuniYield Pennsylvania Quality Fund Plans Monthly Dividend of $0.07 (NYSE:MPA)

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) announced a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Investors of record on Friday, March 14th will be given a dividend of 0.066 per share by the investment management company on Tuesday, April 1st. This represents a $0.79 dividend on an annualized basis and a yield of 6.79%. The ex-dividend date is Friday, March 14th.

BlackRock MuniYield Pennsylvania Quality Fund has increased its dividend payment by an average of 2.9% annually over the last three years.

BlackRock MuniYield Pennsylvania Quality Fund Trading Down 0.6 %

NYSE:MPA traded down $0.07 on Tuesday, hitting $11.67. The stock had a trading volume of 18,067 shares, compared to its average volume of 26,209. The business’s 50-day simple moving average is $11.74 and its two-hundred day simple moving average is $12.07. BlackRock MuniYield Pennsylvania Quality Fund has a 52-week low of $11.31 and a 52-week high of $12.82.

Insider Buying and Selling at BlackRock MuniYield Pennsylvania Quality Fund

In other news, major shareholder Saba Capital Management, L.P. sold 4,500 shares of BlackRock MuniYield Pennsylvania Quality Fund stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $11.85, for a total transaction of $53,325.00. Following the sale, the insider now owns 2,206,125 shares in the company, valued at $26,142,581.25. This trade represents a 0.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders sold 116,198 shares of company stock valued at $1,362,822. Insiders own 1.00% of the company’s stock.

About BlackRock MuniYield Pennsylvania Quality Fund

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