BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) Announces $0.05 Monthly Dividend

BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) announced a monthly dividend on Friday, May 3rd, Wall Street Journal reports. Investors of record on Wednesday, May 15th will be given a dividend of 0.0465 per share by the financial services provider on Monday, June 3rd. This represents a $0.56 annualized dividend and a dividend yield of 4.97%. The ex-dividend date of this dividend is Tuesday, May 14th.

BlackRock MuniYield Michigan Quality Fund Stock Performance

MIY stock traded up $0.17 during trading hours on Friday, hitting $11.23. The company’s stock had a trading volume of 75,515 shares, compared to its average volume of 51,915. BlackRock MuniYield Michigan Quality Fund has a 12 month low of $9.45 and a 12 month high of $11.70. The stock has a 50 day moving average price of $11.36 and a two-hundred day moving average price of $11.08.

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.