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

BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) announced a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.0545 per share by the financial services provider on Tuesday, April 1st. This represents a $0.65 annualized dividend and a yield of 5.60%. The ex-dividend date of this dividend is Friday, March 14th.

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

BlackRock MuniYield Michigan Quality Fund Price Performance

MIY stock traded down $0.06 during mid-day trading on Tuesday, reaching $11.67. The company had a trading volume of 49,994 shares, compared to its average volume of 49,290. BlackRock MuniYield Michigan Quality Fund has a 12 month low of $10.97 and a 12 month high of $12.11. The firm has a 50 day moving average of $11.47 and a 200 day moving average of $11.67.

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.