BlackRock MuniYield Quality Fund III, Inc. (MYI) To Go Ex-Dividend on July 15th

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) declared a monthly dividend on Thursday, July 3rd, Wall Street Journal reports. Investors of record on Tuesday, July 15th will be given a dividend of 0.0555 per share by the investment management company on Friday, August 1st. This represents a $0.67 dividend on an annualized basis and a dividend yield of 6.35%. The ex-dividend date of this dividend is Tuesday, July 15th.

BlackRock MuniYield Quality Fund III Price Performance

MYI stock opened at $10.49 on Friday. BlackRock MuniYield Quality Fund III has a 1-year low of $9.98 and a 1-year high of $12.07. The business’s 50 day simple moving average is $10.49 and its 200 day simple moving average is $10.78.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in BlackRock MuniYield Quality Fund III stock. Geneos Wealth Management Inc. boosted its position in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 803.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,053 shares of the investment management company’s stock after purchasing an additional 4,494 shares during the quarter. Geneos Wealth Management Inc.’s holdings in BlackRock MuniYield Quality Fund III were worth $56,000 at the end of the most recent reporting period. 34.01% of the stock is currently owned by institutional investors and hedge funds.

About BlackRock MuniYield Quality Fund III

BlackRock MuniYield Quality Fund III, Inc 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 a portfolio of long-term investment-grade municipal obligations exempt from federal income taxes.