BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) to Issue Monthly Dividend of $0.05 on July 1st

BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) declared a monthly dividend on Friday, February 27th. Investors of record on Monday, June 15th will be paid a dividend of 0.0545 per share by the financial services provider on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Monday, June 15th.

BlackRock MuniYield Michigan Quality Fund Price Performance

BlackRock MuniYield Michigan Quality Fund stock traded up $0.03 during midday trading on Friday, reaching $12.27. 26,371 shares of the stock traded hands, compared to its average volume of 51,428. The stock’s fifty day moving average is $11.98 and its 200-day moving average is $12.02. BlackRock MuniYield Michigan Quality Fund has a 12 month low of $10.57 and a 12 month high of $12.90.

BlackRock MuniYield Michigan Quality Fund Company Profile

BlackRock MuniYield Michigan Quality Fund (NYSE: MIY) is a closed-end management investment company that seeks to provide current income exempt from federal and Michigan personal income taxes. The fund primarily invests in investment-grade municipal securities issued by state and local governments within Michigan. Its portfolio typically includes a diversified mix of general obligation bonds and revenue bonds backed by public utilities, transportation projects, and other essential municipal services.

The fund’s investment strategy emphasizes credit quality and diversification across sectors and maturities.