BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY – Get Free Report) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Investors of record on Tuesday, April 15th will be paid 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 5.71%. 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 Trading Down 1.5 %
Shares of MIY stock opened at $11.46 on Friday. BlackRock MuniYield Michigan Quality Fund has a 12 month low of $10.97 and a 12 month high of $12.11. The stock has a 50 day moving average of $11.53 and a 200-day moving average of $11.62.
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.
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