BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) Declares Dividend Increase – $0.04 Per Share

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) announced a monthly dividend on Thursday, November 16th, Wall Street Journal reports. Stockholders of record on Friday, January 12th will be paid a dividend of 0.0442 per share by the investment management company on Thursday, February 1st. This represents a $0.53 annualized dividend and a dividend yield of 5.58%. The ex-dividend date is Thursday, January 11th. This is a positive change from BlackRock MuniYield New York Quality Fund’s previous monthly dividend of $0.03.

BlackRock MuniYield New York Quality Fund Trading Up 0.8 %

NYSE:MYN opened at $9.50 on Friday. BlackRock MuniYield New York Quality Fund has a 1 year low of $8.47 and a 1 year high of $10.80. The firm has a 50 day moving average of $8.95 and a 200-day moving average of $9.57.

Hedge Funds Weigh In On BlackRock MuniYield New York Quality Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Logan Stone Capital LLC increased its stake in shares of BlackRock MuniYield New York Quality Fund by 156.4% in the fourth quarter. Logan Stone Capital LLC now owns 470,365 shares of the investment management company’s stock valued at $4,610,000 after buying an additional 286,905 shares in the last quarter. Guggenheim Capital LLC increased its position in BlackRock MuniYield New York Quality Fund by 9.5% in the 1st quarter. Guggenheim Capital LLC now owns 443,825 shares of the investment management company’s stock valued at $5,370,000 after acquiring an additional 38,503 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of BlackRock MuniYield New York Quality Fund by 3.2% in the second quarter. Wells Fargo & Company MN now owns 207,490 shares of the investment management company’s stock worth $2,214,000 after acquiring an additional 6,441 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of BlackRock MuniYield New York Quality Fund by 4.9% during the third quarter. Commonwealth Equity Services LLC now owns 105,377 shares of the investment management company’s stock worth $993,000 after purchasing an additional 4,910 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in shares of BlackRock MuniYield New York Quality Fund by 2.3% during the third quarter. Royal Bank of Canada now owns 56,520 shares of the investment management company’s stock valued at $501,000 after purchasing an additional 1,259 shares during the last quarter. Institutional investors and hedge funds own 24.34% of the company’s stock.

BlackRock MuniYield New York Quality Fund Company Profile

BlackRock MuniYield New York 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 fixed income markets. It invests primarily in a portfolio of long-term investment grade municipal bonds exempt from federal income taxes and New York State and New York City personal income taxes.