BlackRock MuniYield Quality Fund III, Inc. Announces Monthly Dividend of $0.06 (NYSE:MYI)

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) declared a monthly dividend on Friday, June 5th. Investors of record on Friday, August 14th will be paid a dividend of 0.0555 per share by the investment management company on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Friday, August 14th.

BlackRock MuniYield Quality Fund III Price Performance

MYI stock opened at $10.84 on Wednesday. The stock has a 50-day moving average price of $10.91 and a two-hundred day moving average price of $10.94. BlackRock MuniYield Quality Fund III has a 12-month low of $10.35 and a 12-month high of $11.46.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC lifted its holdings in shares of BlackRock MuniYield Quality Fund III by 8.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 15,167 shares of the investment management company’s stock worth $165,000 after purchasing an additional 1,155 shares during the last quarter. Coastal Bridge Advisors LLC grew its stake in BlackRock MuniYield Quality Fund III by 0.8% during the 4th quarter. Coastal Bridge Advisors LLC now owns 173,968 shares of the investment management company’s stock worth $1,891,000 after buying an additional 1,366 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in BlackRock MuniYield Quality Fund III by 0.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 249,293 shares of the investment management company’s stock worth $2,710,000 after buying an additional 2,055 shares during the period. Kim LLC increased its position in BlackRock MuniYield Quality Fund III by 1.1% in the second quarter. Kim LLC now owns 203,124 shares of the investment management company’s stock worth $2,131,000 after buying an additional 2,117 shares during the period. Finally, Pathway Financial Advisers LLC lifted its stake in BlackRock MuniYield Quality Fund III by 11.6% in the fourth quarter. Pathway Financial Advisers LLC now owns 20,870 shares of the investment management company’s stock valued at $227,000 after buying an additional 2,172 shares during the last quarter. 34.01% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniYield Quality Fund III Company Profile

BlackRock MuniYield Quality Fund III (NYSE: MYI) is a closed-end management investment company that seeks to provide investors with a high level of current income exempt from federal income tax. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including bonds, notes and other debt obligations issued by state and local governments, agencies and authorities across the United States.

In managing its portfolio, the fund generally allocates at least 80% of its total assets to investment-grade municipal debt instruments.