BlackRock MuniYield New York Quality Fund, Inc. (MYN) to Distribute Monthly Dividend of $0.05 on December 22nd

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) declared a monthly dividend on Thursday, September 10th. Shareholders of record on Friday, December 11th will be given a dividend of 0.0512 per share by the investment management company on Tuesday, December 22nd. This represents a c) annualized dividend and a yield of 6.6%. The ex-dividend date is Friday, December 11th.

BlackRock MuniYield New York Quality Fund Stock Up 0.8%

Shares of BlackRock MuniYield New York Quality Fund stock opened at $9.25 on Friday. BlackRock MuniYield New York Quality Fund has a 12 month low of $9.12 and a 12 month high of $10.26. The business has a fifty day simple moving average of $9.79 and a 200-day simple moving average of $9.89.

Institutional Investors Weigh In On BlackRock MuniYield New York Quality Fund

Several hedge funds and other institutional investors have recently made changes to their positions in MYN. Lido Advisors LLC increased its holdings in BlackRock MuniYield New York Quality Fund by 70.6% in the 1st quarter. Lido Advisors LLC now owns 291,732 shares of the investment management company’s stock valued at $2,816,000 after buying an additional 120,743 shares during the period. Royal Bank of Canada increased its holdings in shares of BlackRock MuniYield New York Quality Fund by 188.4% in the first quarter. Royal Bank of Canada now owns 233,743 shares of the investment management company’s stock valued at $2,244,000 after purchasing an additional 152,703 shares in the last quarter. Whitebox Advisors LLC acquired a new stake in BlackRock MuniYield New York Quality Fund in the first quarter worth about $2,627,000. WNY Asset Management LLC acquired a new stake in BlackRock MuniYield New York Quality Fund during the 1st quarter worth $1,249,000. Finally, Bank of America Corp DE increased its stake in shares of BlackRock MuniYield New York Quality Fund by 132.7% in the 1st quarter. Bank of America Corp DE now owns 1,645,711 shares of the investment management company’s stock valued at $15,799,000 after acquiring an additional 938,369 shares during the last quarter. 29.32% of the stock is owned by institutional investors and hedge funds.

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.