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

Key Points

• MIY declared a monthly dividend of $0.0545 per share, payable May 1 to shareholders of record on April 15 (ex-dividend date April 15), implying an annualized yield of about 5.4%.
• Fund strategy and tax status: BlackRock MuniYield Michigan Quality Fund is a closed-end fund that seeks current income exempt from federal and Michigan personal income taxes by investing primarily in investment‑grade municipal securities issued by Michigan state and local governments, with an emphasis on credit quality and diversification.
• Trading context: MIY shares opened at $12.12, with a 50-day moving average of $12.21, a 200-day moving average of $11.86, and a 12‑month range of $10.57 to $12.90.

BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY - Get Free Report) declared a monthly dividend on Friday, February 27th. Shareholders of record on Wednesday, April 15th will be paid a dividend of 0.0545 per share by the financial services provider on Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Wednesday, April 15th.

BlackRock MuniYield Michigan Quality Fund Trading Down 0.1%

Shares of MIY stock opened at $12.12 on Monday. The business's 50 day moving average is $12.21 and its two-hundred day moving average is $11.86. BlackRock MuniYield Michigan Quality Fund has a 12-month low of $10.57 and a 12-month high of $12.90.

About BlackRock MuniYield Michigan Quality Fund

BlackRock MuniYield Michigan Quality Fund NYSE: MIY is a closed-end management investment company that seeks to provide current income exempt from federal and Michigan personal income taxes. The fund primarily invests in investment-grade municipal securities issued by state and local governments within Michigan. Its portfolio typically includes a diversified mix of general obligation bonds and revenue bonds backed by public utilities, transportation projects, and other essential municipal services.

The fund's investment strategy emphasizes credit quality and diversification across sectors and maturities.

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