BlackRock MuniYield New York Quality Fund, Inc. Announces Monthly Dividend of $0.05 (NYSE:MYN)

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) declared a monthly dividend on Friday, February 27th. Investors of record on Friday, May 15th will be given a dividend of 0.0512 per share by the investment management company on Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Friday, May 15th.

BlackRock MuniYield New York Quality Fund Stock Down 0.4%

MYN stock opened at $10.03 on Wednesday. BlackRock MuniYield New York Quality Fund has a 52 week low of $9.12 and a 52 week high of $10.26. The business has a 50-day simple moving average of $9.89 and a 200 day simple moving average of $9.98.

Insider Activity

In other news, Director Robert W. Fairbairn acquired 49,025 shares of BlackRock MuniYield New York Quality Fund stock in a transaction that occurred on Friday, February 27th. The shares were acquired at an average price of $10.15 per share, for a total transaction of $497,603.75. Following the transaction, the director directly owned 49,025 shares of the company’s stock, valued at approximately $497,603.75. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On BlackRock MuniYield New York Quality Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. acquired a new position in shares of BlackRock MuniYield New York Quality Fund during the first quarter valued at about $560,000. Meeder Advisory Services Inc. bought a new stake in BlackRock MuniYield New York Quality Fund in the 1st quarter valued at about $122,000. Allspring Global Investments Holdings LLC raised its stake in BlackRock MuniYield New York Quality Fund by 81.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,238,577 shares of the investment management company’s stock worth $11,890,000 after buying an additional 557,751 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co raised its stake in BlackRock MuniYield New York Quality Fund by 5.6% during the 1st quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 56,785 shares of the investment management company’s stock worth $545,000 after buying an additional 3,000 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in BlackRock MuniYield New York Quality Fund in the first quarter worth approximately $633,000. 29.32% of the stock is owned by institutional investors.

About BlackRock MuniYield New York Quality Fund

BlackRock MuniYield New York Quality Fund (NYSE: MYN) is a diversified, closed-end management investment company that seeks to deliver current income exempt from federal and New York State income taxes. The fund primarily invests in a portfolio of municipal securities, with an emphasis on investment-grade obligations issued by entities located within New York State.

The fund’s investment strategy focuses on long-term, tax-exempt income by allocating assets to general obligation bonds, revenue bonds, and other municipal debt instruments rated in the upper tiers of the major credit rating agencies.