BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY - Get Free Report) declared a monthly dividend on Wednesday, June 4th, Wall Street Journal reports. Investors of record on Friday, June 13th will be paid a dividend of 0.0545 per share by the financial services provider on Tuesday, July 1st. This represents a $0.65 dividend on an annualized basis and a yield of 5.76%. The ex-dividend date of this dividend is Friday, June 13th.
BlackRock MuniYield Michigan Quality Fund has decreased its dividend payment by an average of 4.3% annually over the last three years.
BlackRock MuniYield Michigan Quality Fund Stock Performance
Shares of NYSE MIY traded up $0.01 during trading on Thursday, reaching $11.36. 16,389 shares of the company traded hands, compared to its average volume of 51,486. The firm's fifty day simple moving average is $11.33 and its 200 day simple moving average is $11.47. BlackRock MuniYield Michigan Quality Fund has a 12-month low of $10.81 and a 12-month high of $12.11.
About BlackRock MuniYield Michigan Quality Fund
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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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