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

BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) announced a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Investors of record on Friday, March 14th will be given a dividend of 0.0545 per share by the financial services provider on Tuesday, April 1st. This represents a $0.65 annualized dividend and a dividend yield of 5.60%. The ex-dividend date is Friday, March 14th.

BlackRock MuniYield Michigan Quality Fund has decreased its dividend by an average of 4.3% annually over the last three years.

BlackRock MuniYield Michigan Quality Fund Trading Down 0.5 %

NYSE:MIY traded down $0.06 during mid-day trading on Tuesday, hitting $11.67. 49,994 shares of the company’s stock were exchanged, compared to its average volume of 49,290. The business has a fifty day moving average price of $11.47 and a 200 day moving average price of $11.67. BlackRock MuniYield Michigan Quality Fund has a one year low of $10.97 and a one year high of $12.11.

BlackRock MuniYield Michigan Quality Fund Company Profile

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.