BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY – Get Free Report) declared a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Shareholders 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 dividend yield of 5.63%. The ex-dividend date of this dividend is Tuesday, April 15th.
BlackRock MuniYield Michigan Quality Fund has decreased its dividend by an average of 4.3% annually over the last three years.
BlackRock MuniYield Michigan Quality Fund Price Performance
Shares of MIY opened at $11.63 on Friday. BlackRock MuniYield Michigan Quality Fund has a 1 year low of $10.97 and a 1 year high of $12.11. The company’s fifty day moving average is $11.53 and its two-hundred day moving average is $11.63.
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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