BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Plans $0.07 Monthly Dividend

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) announced a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.066 per share by the investment management company on Monday, March 3rd. This represents a $0.79 dividend on an annualized basis and a dividend yield of 6.68%. The ex-dividend date is Friday, February 14th.

BlackRock MuniYield Pennsylvania Quality Fund has raised its dividend payment by an average of 2.9% annually over the last three years.

BlackRock MuniYield Pennsylvania Quality Fund Stock Performance

NYSE:MPA traded down $0.02 during midday trading on Tuesday, reaching $11.86. The stock had a trading volume of 65,612 shares, compared to its average volume of 18,501. The firm’s fifty day simple moving average is $11.92 and its 200-day simple moving average is $12.18. BlackRock MuniYield Pennsylvania Quality Fund has a 1-year low of $11.31 and a 1-year high of $12.82.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. sold 3,713 shares of the company’s stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $11.83, for a total value of $43,924.79. Following the sale, the insider now owns 2,189,294 shares of the company’s stock, valued at $25,899,348.02. The trade was a 0.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders have sold 16,517 shares of company stock valued at $195,919. 1.00% of the stock is owned by company insiders.

BlackRock MuniYield Pennsylvania Quality Fund Company Profile

BlackRock MuniYield Pennsylvania Quality Fund is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in long-term investment grade municipal obligations exempt from federal income taxes and Pennsylvania income taxes.