BlackRock MuniYield Fund, Inc. (NYSE:MYD) to Issue Monthly Dividend of $0.05

BlackRock MuniYield Fund, Inc. (NYSE:MYD) declared a monthly dividend on Friday, December 12th. Investors of record on Monday, December 22nd will be paid a dividend of 0.0545 per share by the financial services provider on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Monday, December 22nd.

BlackRock MuniYield Fund Stock Performance

MYD traded up $0.01 during midday trading on Friday, reaching $10.42. The company had a trading volume of 175,178 shares, compared to its average volume of 154,515. The business has a 50-day moving average of $10.52 and a two-hundred day moving average of $10.27. BlackRock MuniYield Fund has a 1 year low of $9.65 and a 1 year high of $10.92.

About BlackRock MuniYield Fund

BlackRock MuniYield Fund (NYSE: MYD) is a closed-end management investment company that seeks to provide shareholders with current income exempt from regular federal income tax. The fund primarily invests in U.S. municipal fixed-income securities, including investment-grade and certain lower-rated bonds that the portfolio managers believe offer attractive yield opportunities. Through its diversified municipal bond portfolio, MYD aims to deliver tax-advantaged income while managing credit and interest rate risk.

MYD’s investment strategy focuses on geographic and sector diversification across states and local governmental entities, covering a range of project types such as education, transportation, healthcare and general obligation bonds.