BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) To Go Ex-Dividend on May 15th

BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) announced a monthly dividend on Monday, May 5th, Wall Street Journal reports. Investors of record on Thursday, May 15th will be given a dividend of 0.0545 per share by the financial services provider on Monday, June 2nd. This represents a $0.65 dividend on an annualized basis and a yield of 5.65%. The ex-dividend date is Thursday, May 15th.

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

BlackRock MuniYield Michigan Quality Fund Stock Down 1.0%

MIY opened at $11.57 on Tuesday. BlackRock MuniYield Michigan Quality Fund has a twelve month low of $10.81 and a twelve month high of $12.11. The firm’s 50-day simple moving average is $11.35 and its 200-day simple moving average is $11.49.

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.