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

BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY - Get Free Report) announced a monthly dividend on Monday, May 5th, Wall Street Journal reports. Investors of record on Thursday, May 15th will be paid a dividend of 0.0545 per share by the financial services provider on Monday, June 2nd. This represents a $0.65 dividend on an annualized basis and a yield of 5.59%. The ex-dividend date of this dividend is Thursday, May 15th.

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

BlackRock MuniYield Michigan Quality Fund Stock Up 0.5 %

NYSE MIY traded up $0.06 during trading hours on Friday, hitting $11.69. The company had a trading volume of 59,251 shares, compared to its average volume of 57,844. The firm's 50 day moving average is $11.35 and its 200 day moving average is $11.50. BlackRock MuniYield Michigan Quality Fund has a fifty-two week low of $10.81 and a fifty-two week 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.