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

BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) declared a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Shareholders of record on Friday, February 14th will be given a dividend of 0.0545 per share by the financial services provider on Monday, March 3rd. This represents a $0.65 annualized dividend and a dividend yield of 5.62%. The ex-dividend date is Friday, February 14th.

BlackRock MuniYield Michigan Quality Fund has decreased its dividend payment by an average of 4.3% per year over the last three years.

BlackRock MuniYield Michigan Quality Fund Price Performance

Shares of NYSE:MIY traded down $0.03 on Tuesday, hitting $11.64. The company had a trading volume of 46,249 shares, compared to its average volume of 54,275. The stock has a 50 day moving average price of $11.53 and a 200 day moving average price of $11.68. BlackRock MuniYield Michigan Quality Fund has a 1-year low of $10.97 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.