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

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) announced a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.066 per share by the investment management company on Monday, March 3rd. This represents a $0.79 dividend on an annualized basis and a dividend yield of 6.68%. The ex-dividend date is Friday, February 14th.

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

BlackRock MuniYield Pennsylvania Quality Fund Stock Down 0.2 %

Shares of MPA traded down $0.02 during mid-day trading on Tuesday, reaching $11.86. The company had a trading volume of 65,612 shares, compared to its average volume of 18,501. BlackRock MuniYield Pennsylvania Quality Fund has a 52-week low of $11.31 and a 52-week high of $12.82. The stock has a 50 day moving average of $11.92 and a two-hundred day moving average of $12.18.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. sold 3,378 shares of the company’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $11.87, for a total value of $40,096.86. Following the completion of the transaction, the insider now owns 2,180,706 shares of the company’s stock, valued at approximately $25,884,980.22. This represents a 0.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders sold 16,517 shares of company stock valued at $195,919. 1.00% of the stock is owned by company insiders.

About BlackRock MuniYield Pennsylvania Quality Fund

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.