BlackRock MuniYield New York Quality Fund, Inc. Announces Monthly Dividend of $0.04 (NYSE:MYN)

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) declared a monthly dividend on Friday, November 17th, Wall Street Journal reports. Shareholders of record on Thursday, February 15th will be given a dividend of 0.0442 per share by the investment management company on Friday, March 1st. This represents a $0.53 dividend on an annualized basis and a yield of 5.57%. The ex-dividend date of this dividend is Wednesday, February 14th.

BlackRock MuniYield New York Quality Fund Price Performance

MYN stock traded up $0.02 during trading hours on Friday, reaching $9.52. 110,249 shares of the stock were exchanged, compared to its average volume of 80,922. The firm’s 50-day moving average is $8.95 and its 200-day moving average is $9.57. BlackRock MuniYield New York Quality Fund has a 12 month low of $8.47 and a 12 month high of $10.80.

Hedge Funds Weigh In On BlackRock MuniYield New York Quality Fund

Large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its stake in shares of BlackRock MuniYield New York Quality Fund by 7.6% during the 1st quarter. Bank of New York Mellon Corp now owns 16,215 shares of the investment management company’s stock worth $165,000 after acquiring an additional 1,139 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of BlackRock MuniYield New York Quality Fund by 2.3% in the 3rd quarter. Royal Bank of Canada now owns 56,520 shares of the investment management company’s stock valued at $501,000 after acquiring an additional 1,259 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of BlackRock MuniYield New York Quality Fund by 13.7% in the 1st quarter. NewEdge Advisors LLC now owns 14,150 shares of the investment management company’s stock valued at $171,000 after acquiring an additional 1,700 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of BlackRock MuniYield New York Quality Fund by 13.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 17,120 shares of the investment management company’s stock valued at $152,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Raymond James & Associates grew its holdings in shares of BlackRock MuniYield New York Quality Fund by 24.9% in the 4th quarter. Raymond James & Associates now owns 14,039 shares of the investment management company’s stock valued at $138,000 after acquiring an additional 2,800 shares in the last quarter. Institutional investors own 24.34% of the company’s stock.

About BlackRock MuniYield New York Quality Fund

BlackRock MuniYield New York 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 fixed income markets. It invests primarily in a portfolio of long-term investment grade municipal bonds exempt from federal income taxes and New York State and New York City personal income taxes.