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

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN - Get Free Report) announced a monthly dividend on Thursday, July 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, July 15th will be given a dividend of 0.0512 per share by the investment management company on Friday, August 1st. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.43%. The ex-dividend date of this dividend is Tuesday, July 15th.

BlackRock MuniYield New York Quality Fund Trading Down 0.5%

Shares of BlackRock MuniYield New York Quality Fund stock traded down $0.05 during trading on Thursday, reaching $9.56. The company's stock had a trading volume of 27,976 shares, compared to its average volume of 94,636. The business's 50-day moving average price is $9.55 and its 200-day moving average price is $9.86. BlackRock MuniYield New York Quality Fund has a 52 week low of $9.21 and a 52 week high of $10.87.

Institutional Trading of BlackRock MuniYield New York Quality Fund

An institutional investor recently raised its position in BlackRock MuniYield New York Quality Fund stock. Royal Bank of Canada increased its holdings in BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN - Free Report) by 268.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 274,458 shares of the investment management company's stock after buying an additional 200,000 shares during the period. Royal Bank of Canada owned 0.72% of BlackRock MuniYield New York Quality Fund worth $2,725,000 as of its most recent filing with the Securities and Exchange Commission. 29.32% of the stock is owned by institutional investors and hedge funds.

About BlackRock MuniYield New York Quality Fund

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.

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