BlackRock MuniYield New York Quality Fund, Inc. (MYN) to Issue Monthly Dividend of $0.05 on September 1st

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) declared a monthly dividend on Friday, June 5th. Investors of record on Friday, August 14th will be paid a dividend of 0.0512 per share by the investment management company on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Friday, August 14th.

BlackRock MuniYield New York Quality Fund Stock Up 0.3%

MYN traded up $0.03 during trading on Wednesday, reaching $9.84. The stock had a trading volume of 21,783 shares, compared to its average volume of 144,286. BlackRock MuniYield New York Quality Fund has a one year low of $9.15 and a one year high of $10.26. The business has a 50-day moving average of $9.98 and a 200-day moving average of $9.95.

Hedge Funds Weigh In On BlackRock MuniYield New York Quality Fund

Institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC grew its holdings in BlackRock MuniYield New York Quality Fund by 11.8% in the 4th quarter. NewEdge Advisors LLC now owns 14,200 shares of the investment management company’s stock worth $141,000 after acquiring an additional 1,500 shares during the last quarter. Equitable Holdings Inc. raised its stake in shares of BlackRock MuniYield New York Quality Fund by 14.6% during the third quarter. Equitable Holdings Inc. now owns 15,701 shares of the investment management company’s stock valued at $156,000 after acquiring an additional 2,000 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co boosted its holdings in shares of BlackRock MuniYield New York Quality Fund by 5.6% during the first quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 56,785 shares of the investment management company’s stock worth $545,000 after purchasing an additional 3,000 shares during the period. Elyxium Wealth LLC purchased a new stake in shares of BlackRock MuniYield New York Quality Fund during the fourth quarter worth about $42,000. Finally, Janney Montgomery Scott LLC grew its stake in shares of BlackRock MuniYield New York Quality Fund by 41.7% in the first quarter. Janney Montgomery Scott LLC now owns 15,851 shares of the investment management company’s stock worth $152,000 after purchasing an additional 4,661 shares during the last quarter. 29.32% of the stock is currently owned by institutional investors.

BlackRock MuniYield New York Quality Fund Company Profile

BlackRock MuniYield New York Quality Fund (NYSE: MYN) is a diversified, closed-end management investment company that seeks to deliver current income exempt from federal and New York State income taxes. The fund primarily invests in a portfolio of municipal securities, with an emphasis on investment-grade obligations issued by entities located within New York State.

The fund’s investment strategy focuses on long-term, tax-exempt income by allocating assets to general obligation bonds, revenue bonds, and other municipal debt instruments rated in the upper tiers of the major credit rating agencies.