BlackRock MuniYield Quality Fund III, Inc. Plans Monthly Dividend of $0.06 (NYSE:MYI)

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) announced a monthly dividend on Friday, January 2nd. Investors of record on Tuesday, January 20th will be paid a dividend of 0.0555 per share by the investment management company on Monday, February 2nd. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Tuesday, January 20th.

BlackRock MuniYield Quality Fund III Stock Up 0.5%

MYI opened at $11.22 on Friday. The stock’s 50 day moving average price is $10.93 and its two-hundred day moving average price is $10.80. BlackRock MuniYield Quality Fund III has a 12-month low of $9.98 and a 12-month high of $11.46.

Hedge Funds Weigh In On BlackRock MuniYield Quality Fund III

Several large investors have recently bought and sold shares of the stock. Moors & Cabot Inc. grew its position in BlackRock MuniYield Quality Fund III by 3.7% in the 2nd quarter. Moors & Cabot Inc. now owns 27,690 shares of the investment management company’s stock worth $290,000 after purchasing an additional 1,000 shares during the last quarter. Kim LLC grew its position in BlackRock MuniYield Quality Fund III by 0.5% during the third quarter. Kim LLC now owns 204,185 shares of the investment management company’s stock worth $2,262,000 after buying an additional 1,061 shares in the last quarter. Camelot Portfolios LLC grew its position in BlackRock MuniYield Quality Fund III by 8.1% during the second quarter. Camelot Portfolios LLC now owns 18,561 shares of the investment management company’s stock worth $195,000 after buying an additional 1,387 shares in the last quarter. First Trust Advisors LP increased its stake in BlackRock MuniYield Quality Fund III by 17.5% during the third quarter. First Trust Advisors LP now owns 15,002 shares of the investment management company’s stock valued at $166,000 after acquiring an additional 2,230 shares during the period. Finally, Trust Co. of Vermont acquired a new position in BlackRock MuniYield Quality Fund III in the 4th quarter valued at approximately $25,000. 34.01% of the stock is currently owned by institutional investors and hedge funds.

About BlackRock MuniYield Quality Fund III

BlackRock MuniYield Quality Fund III (NYSE: MYI) is a closed-end management investment company that seeks to provide investors with a high level of current income exempt from federal income tax. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including bonds, notes and other debt obligations issued by state and local governments, agencies and authorities across the United States.

In managing its portfolio, the fund generally allocates at least 80% of its total assets to investment-grade municipal debt instruments.