BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) to Issue Monthly Dividend of $0.05

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) announced a monthly dividend on Friday, June 5th. Stockholders 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) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Friday, August 14th.

BlackRock MuniYield New York Quality Fund Trading Up 0.3%

Shares of NYSE:MYN opened at $9.84 on Wednesday. The stock has a fifty day moving average of $9.98 and a 200-day moving average of $9.95. BlackRock MuniYield New York Quality Fund has a one year low of $9.15 and a one year high of $10.26.

Hedge Funds Weigh In On BlackRock MuniYield New York Quality Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MYN. WNY Asset Management LLC bought a new stake in shares of BlackRock MuniYield New York Quality Fund in the 1st quarter valued at about $1,249,000. Western Wealth Management LLC acquired a new stake in shares of BlackRock MuniYield New York Quality Fund in the 1st quarter valued at approximately $89,000. Bank of America Corp DE boosted its stake in BlackRock MuniYield New York Quality Fund by 132.7% during the 1st quarter. Bank of America Corp DE now owns 1,645,711 shares of the investment management company’s stock worth $15,799,000 after acquiring an additional 938,369 shares during the last quarter. Rivernorth Capital Management LLC boosted its stake in BlackRock MuniYield New York Quality Fund by 411.5% during the 1st quarter. Rivernorth Capital Management LLC now owns 1,722,732 shares of the investment management company’s stock worth $16,538,000 after acquiring an additional 1,385,904 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in BlackRock MuniYield New York Quality Fund by 188.4% during the first quarter. Royal Bank of Canada now owns 233,743 shares of the investment management company’s stock valued at $2,244,000 after purchasing an additional 152,703 shares during the period. Institutional investors own 29.32% of the company’s stock.

About BlackRock MuniYield New York Quality Fund

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.