BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY – Get Free Report) declared a monthly dividend on Friday, May 3rd, Wall Street Journal reports. Shareholders of record on Wednesday, May 15th will be paid a dividend of 0.0465 per share by the financial services provider on Monday, June 3rd. This represents a $0.56 annualized dividend and a yield of 4.97%. The ex-dividend date of this dividend is Tuesday, May 14th.
BlackRock MuniYield Michigan Quality Fund has decreased its dividend payment by an average of 10.8% per year over the last three years.
BlackRock MuniYield Michigan Quality Fund Stock Performance
MIY stock opened at $11.23 on Friday. BlackRock MuniYield Michigan Quality Fund has a 52-week low of $9.45 and a 52-week high of $11.70. The stock’s fifty day simple moving average is $11.36 and its 200-day simple moving average is $11.09.
About BlackRock MuniYield Michigan Quality Fund
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.
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