BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY – Get Free Report) announced a monthly dividend on Thursday, August 1st, NASDAQ reports. Stockholders of record on Thursday, August 15th will be paid a dividend of 0.0465 per share by the financial services provider on Tuesday, September 3rd. This represents a $0.56 annualized dividend and a dividend yield of 4.75%. The ex-dividend date of this dividend is Thursday, August 15th.
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
NYSE:MIY opened at $11.75 on Tuesday. The firm has a 50-day moving average price of $11.50 and a 200 day moving average price of $11.40. BlackRock MuniYield Michigan Quality Fund has a 12-month low of $9.45 and a 12-month high of $11.85.
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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