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

BlackRock MuniYield Michigan Quality Fund logo with Finance background

BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY - Get Free Report) announced a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.0545 per share by the financial services provider on Monday, December 2nd. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.60%. The ex-dividend date of this dividend is Friday, November 15th.

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 Price Performance

Shares of NYSE:MIY traded up $0.03 on Wednesday, reaching $11.68. The company's stock had a trading volume of 49,032 shares, compared to its average volume of 51,655. The stock's 50-day moving average is $11.83 and its two-hundred day moving average is $11.59. BlackRock MuniYield Michigan Quality Fund has a 52-week low of $10.24 and a 52-week high of $12.11.

About BlackRock MuniYield Michigan Quality Fund

(Get Free Report)

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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Dividend History for BlackRock MuniYield Michigan Quality Fund (NYSE:MIY)

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