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

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) declared a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, April 15th will be given a dividend of 0.066 per share by the investment management company on Thursday, May 1st. This represents a $0.79 annualized dividend and a dividend yield of 7.08%. The ex-dividend date is Tuesday, April 15th.

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 Stock Performance

NYSE MPA remained flat at $11.18 on Thursday. The company’s stock had a trading volume of 126,778 shares, compared to its average volume of 24,769. BlackRock MuniYield Pennsylvania Quality Fund has a 52-week low of $11.11 and a 52-week high of $12.82. The stock’s 50 day moving average price is $11.56 and its two-hundred day moving average price is $11.93.

Insiders Place Their Bets

In other BlackRock MuniYield Pennsylvania Quality Fund news, major shareholder Saba Capital Management, L.P. sold 3,268 shares of BlackRock MuniYield Pennsylvania Quality Fund stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $11.84, for a total value of $38,693.12. Following the transaction, the insider now owns 2,202,857 shares in the company, valued at approximately $26,081,826.88. The trade was a 0.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have sold 124,289 shares of company stock worth $1,455,785. 1.00% of the stock is owned by corporate insiders.

BlackRock MuniYield Pennsylvania Quality Fund Company Profile

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.