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

BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) announced a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Stockholders of record on Wednesday, January 15th will be paid a dividend of 0.0545 per share by the financial services provider on Monday, February 3rd. This represents a $0.65 annualized dividend and a dividend yield of 5.76%. The ex-dividend date of this dividend is Wednesday, January 15th.

BlackRock MuniYield Michigan Quality Fund has decreased its dividend by an average of 10.8% per year over the last three years.

BlackRock MuniYield Michigan Quality Fund Stock Up 0.4 %

Shares of NYSE MIY traded up $0.04 during midday trading on Friday, hitting $11.36. The stock had a trading volume of 57,183 shares, compared to its average volume of 68,992. The company’s 50-day simple moving average is $11.62 and its 200 day simple moving average is $11.68. BlackRock MuniYield Michigan Quality Fund has a fifty-two week low of $10.96 and a fifty-two week 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.