BlackRock MuniYield Fund, Inc. (NYSE:MYD) Announces $0.05 Monthly Dividend

BlackRock MuniYield Fund, Inc. (NYSE:MYD) declared a monthly dividend on Monday, November 3rd. Stockholders of record on Friday, November 14th will be paid a dividend of 0.0545 per share by the financial services provider on Monday, December 1st. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Friday, November 14th.

BlackRock MuniYield Fund Price Performance

Shares of NYSE:MYD opened at $10.53 on Tuesday. BlackRock MuniYield Fund has a 12-month low of $9.65 and a 12-month high of $11.55. The business has a 50 day moving average of $10.49 and a two-hundred day moving average of $10.19.

Institutional Investors Weigh In On BlackRock MuniYield Fund

Several institutional investors have recently bought and sold shares of MYD. Capital Investment Advisors LLC increased its position in shares of BlackRock MuniYield Fund by 9.5% during the third quarter. Capital Investment Advisors LLC now owns 11,525 shares of the financial services provider’s stock worth $122,000 after purchasing an additional 1,000 shares in the last quarter. Bank of Montreal Can boosted its stake in BlackRock MuniYield Fund by 5.3% during the 2nd quarter. Bank of Montreal Can now owns 22,663 shares of the financial services provider’s stock worth $228,000 after purchasing an additional 1,145 shares during the last quarter. Kim LLC boosted its stake in BlackRock MuniYield Fund by 1.1% during the 2nd quarter. Kim LLC now owns 117,349 shares of the financial services provider’s stock worth $1,178,000 after purchasing an additional 1,249 shares during the last quarter. Atria Wealth Solutions Inc. grew its holdings in shares of BlackRock MuniYield Fund by 12.6% during the first quarter. Atria Wealth Solutions Inc. now owns 12,580 shares of the financial services provider’s stock worth $133,000 after buying an additional 1,410 shares in the last quarter. Finally, Merit Financial Group LLC raised its position in shares of BlackRock MuniYield Fund by 15.8% in the third quarter. Merit Financial Group LLC now owns 12,276 shares of the financial services provider’s stock valued at $130,000 after buying an additional 1,679 shares during the last quarter. 33.77% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield Fund Company Profile

BlackRock MuniYield Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in fixed income markets. The fund primarily in long-term investment-grade municipal bonds with a maturity of more than ten years. It is exempt from federal income taxes.