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

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

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

BlackRock MuniYield Michigan Quality Fund Stock Performance

MIY stock traded down $0.11 during trading on Friday, hitting $11.70. 89,190 shares of the stock traded hands, compared to its average volume of 53,872. BlackRock MuniYield Michigan Quality Fund has a 1 year low of $10.96 and a 1 year high of $12.11. The firm’s 50 day moving average is $11.78 and its two-hundred day moving average is $11.67.

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.