BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY – Get Free Report) declared a monthly dividend on Friday, December 12th. Stockholders of record on Monday, December 22nd will be given 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 dividend yield of 5.6%. The ex-dividend date of this dividend is Monday, December 22nd.
BlackRock MuniYield Michigan Quality Fund Trading Down 0.9%
Shares of MIY stock traded down $0.11 on Friday, reaching $11.58. The company’s stock had a trading volume of 184,825 shares, compared to its average volume of 62,191. The stock’s fifty day simple moving average is $11.60 and its 200-day simple moving average is $11.30. BlackRock MuniYield Michigan Quality Fund has a 1 year low of $10.57 and a 1 year high of $11.89.
About BlackRock MuniYield Michigan Quality Fund
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.
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