BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) to Issue Monthly Dividend of $0.05 on December 31st

BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) declared a monthly dividend on Friday, December 6th,NASDAQ Dividends reports. Stockholders of record on Monday, December 16th will be paid a dividend of 0.0545 per share by the financial services provider on Tuesday, December 31st. This represents a $0.65 annualized dividend and a dividend yield of 5.59%. The ex-dividend date of this dividend is Monday, December 16th.

BlackRock MuniYield Michigan Quality Fund has decreased its dividend by an average of 10.8% annually over the last three years.

BlackRock MuniYield Michigan Quality Fund Stock Down 0.9 %

MIY traded down $0.11 on Friday, reaching $11.70. The company had a trading volume of 89,190 shares, compared to its average volume of 53,872. BlackRock MuniYield Michigan Quality Fund has a fifty-two week low of $10.96 and a fifty-two week high of $12.11. The company’s fifty day moving average is $11.78 and its 200 day moving average is $11.67.

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.