BlackRock MuniYield Quality Fund, Inc. Plans Monthly Dividend of $0.06 (NYSE:MQY)

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) announced a monthly dividend on Friday, November 17th, Wall Street Journal reports. Investors of record on Thursday, February 15th will be paid a dividend of 0.058 per share by the financial services provider on Friday, March 1st. This represents a $0.70 dividend on an annualized basis and a yield of 6.23%. The ex-dividend date is Wednesday, February 14th.

BlackRock MuniYield Quality Fund Trading Up 0.9 %

NYSE:MQY traded up $0.10 during trading hours on Friday, reaching $11.17. 336,421 shares of the company were exchanged, compared to its average volume of 174,703. BlackRock MuniYield Quality Fund has a 1-year low of $9.82 and a 1-year high of $12.53. The business has a 50 day moving average of $10.42 and a 200 day moving average of $11.09.

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund

Large investors have recently added to or reduced their stakes in the stock. ICA Group Wealth Management LLC acquired a new stake in BlackRock MuniYield Quality Fund during the fourth quarter worth about $28,000. Captrust Financial Advisors acquired a new stake in BlackRock MuniYield Quality Fund during the second quarter worth about $52,000. Cetera Advisor Networks LLC acquired a new stake in BlackRock MuniYield Quality Fund during the fourth quarter worth about $117,000. Mercer Global Advisors Inc. ADV grew its stake in BlackRock MuniYield Quality Fund by 9.1% during the third quarter. Mercer Global Advisors Inc. ADV now owns 12,456 shares of the financial services provider’s stock worth $127,000 after buying an additional 1,044 shares in the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in BlackRock MuniYield Quality Fund during the second quarter worth about $128,000. Institutional investors and hedge funds own 21.94% of the company’s stock.

About BlackRock MuniYield Quality Fund

BlackRock MuniYield Quality Fund, Inc is a close 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 in long-term municipal obligations the interest on which is exempt from federal income taxes. The fund also invests in short-term securities.