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

BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, April 15th will be given a dividend of 0.0545 per share by the financial services provider on Thursday, May 1st. This represents a $0.65 annualized dividend and a yield of 5.63%. The ex-dividend date is Tuesday, April 15th.

BlackRock MuniYield Michigan Quality Fund has decreased its dividend payment by an average of 4.3% per year over the last three years.

BlackRock MuniYield Michigan Quality Fund Stock Performance

Shares of NYSE:MIY traded up $0.10 during trading on Thursday, reaching $11.63. 40,657 shares of the company were exchanged, compared to its average volume of 55,949. The business’s fifty day simple moving average is $11.53 and its 200-day simple moving average is $11.63. BlackRock MuniYield Michigan Quality Fund has a 12-month low of $10.97 and a 12-month high of $12.11.

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.