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

BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) declared a monthly dividend on Monday, June 3rd, Wall Street Journal reports. Investors of record on Friday, June 14th will be paid a dividend of 0.0465 per share by the financial services provider on Monday, July 1st. This represents a $0.56 annualized dividend and a yield of 4.94%. The ex-dividend date is Friday, June 14th.

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

BlackRock MuniYield Michigan Quality Fund Price Performance

Shares of MIY stock traded up $0.08 during trading hours on Wednesday, reaching $11.29. 37,726 shares of the company’s stock were exchanged, compared to its average volume of 51,021. BlackRock MuniYield Michigan Quality Fund has a 1 year low of $9.45 and a 1 year high of $11.70. The stock’s fifty day moving average price is $11.25 and its two-hundred day moving average price is $11.31.

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.