BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) to Issue Monthly Dividend of $0.05

Key Points

• BlackRock MuniYield New York Quality Fund, Inc. declared a monthly dividend of $0.05 per share, with the ex-dividend date set for August 15th and payment scheduled for September 2nd.
• The fund currently boasts an annualized dividend yield of 6.6%, reflecting its strategy of investing in municipal bonds exempt from federal and state taxes.
• As of the latest trading, NYSE:MYN shares reached $9.36, with a 1-year price range between $9.13 and $10.87.

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN - Get Free Report) announced a monthly dividend on Tuesday, August 5th, Wall Street Journal reports. Shareholders of record on Friday, August 15th will be paid a dividend of 0.0512 per share by the investment management company on Tuesday, September 2nd. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Friday, August 15th.

BlackRock MuniYield New York Quality Fund Price Performance

MYN stock traded up $0.04 during mid-day trading on Thursday, reaching $9.45. 72,912 shares of the stock traded hands, compared to its average volume of 95,333. The stock's fifty day moving average is $9.40 and its 200-day moving average is $9.72. BlackRock MuniYield New York Quality Fund has a 52-week low of $9.12 and a 52-week high of $10.87.

BlackRock MuniYield New York Quality Fund Company Profile

BlackRock MuniYield New York 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 fixed income markets. It invests primarily in a portfolio of long-term investment grade municipal bonds exempt from federal income taxes and New York State and New York City personal income taxes.