BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) to Issue Monthly Dividend of $0.05 on December 31st

BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) declared a monthly dividend on Friday, December 6th,NASDAQ Dividends reports. Shareholders of record on Monday, December 16th will be paid a dividend of 0.0545 per share by the financial services provider on Tuesday, December 31st. This represents a $0.65 annualized dividend and a yield of 5.59%. The ex-dividend date is Monday, December 16th.

BlackRock MuniYield Michigan Quality Fund has decreased its dividend payment by an average of 10.8% per year over the last three years.

BlackRock MuniYield Michigan Quality Fund Price Performance

Shares of NYSE MIY traded down $0.11 during midday trading on Friday, hitting $11.70. 89,190 shares of the company’s stock traded hands, compared to its average volume of 53,872. The firm has a fifty day moving average of $11.78 and a 200 day moving average of $11.67. BlackRock MuniYield Michigan Quality Fund has a 1 year low of $10.96 and a 1 year high of $12.11.

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.