BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) to Issue Monthly Dividend of $0.05

BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) declared a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Stockholders of record on Wednesday, January 15th will be given a dividend of 0.0545 per share by the financial services provider on Monday, February 3rd. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.76%. The ex-dividend date is Wednesday, January 15th.

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 Price Performance

MIY traded up $0.04 during trading hours on Friday, reaching $11.36. 57,183 shares of the company’s stock traded hands, compared to its average volume of 68,992. The firm has a 50-day moving average price of $11.62 and a 200 day moving average price of $11.68. BlackRock MuniYield Michigan Quality Fund has a 52-week low of $10.96 and a 52-week high of $12.11.

BlackRock MuniYield Michigan Quality Fund Company Profile

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.