BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) to Issue Monthly Dividend of $0.07

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) declared a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.066 per share by the investment management company on Tuesday, April 1st. This represents a $0.79 dividend on an annualized basis and a yield of 6.79%. The ex-dividend date is Friday, March 14th.

BlackRock MuniYield Pennsylvania Quality Fund has raised its dividend by an average of 2.9% annually over the last three years.

BlackRock MuniYield Pennsylvania Quality Fund Trading Down 0.6 %

BlackRock MuniYield Pennsylvania Quality Fund stock traded down $0.07 during midday trading on Tuesday, reaching $11.67. The company had a trading volume of 18,067 shares, compared to its average volume of 26,209. BlackRock MuniYield Pennsylvania Quality Fund has a 12-month low of $11.31 and a 12-month high of $12.82. The firm’s fifty day simple moving average is $11.74 and its 200-day simple moving average is $12.07.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. sold 4,500 shares of BlackRock MuniYield Pennsylvania Quality Fund stock in a transaction on Friday, January 24th. The stock was sold at an average price of $11.85, for a total transaction of $53,325.00. Following the transaction, the insider now owns 2,206,125 shares in the company, valued at $26,142,581.25. The trade was a 0.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 116,198 shares of company stock worth $1,362,822 over the last three months. Insiders own 1.00% of the company’s stock.

BlackRock MuniYield Pennsylvania Quality Fund Company Profile

BlackRock MuniYield Pennsylvania Quality Fund is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in long-term investment grade municipal obligations exempt from federal income taxes and Pennsylvania income taxes.