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

Key Points

• $0.0512 per share monthly dividend declared for BlackRock MuniYield New York Quality Fund (NYSE:MYN), payable April 1 to holders of record March 13, representing an annualized yield of about 6.1%.
• MYN traded at $10.01 (down $0.02, roughly -0.1%) with 29,528 shares exchanged—well below its average volume of 132,075—and is near its 50-day ($10.04) and 200-day ($9.97) moving averages.
• The closed-end fund targets long-term, tax-exempt income by primarily investing in investment-grade municipal securities issued in New York State.

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN - Get Free Report) declared a monthly dividend on Friday, January 2nd. Shareholders of record on Friday, March 13th will be given a dividend of 0.0512 per share by the investment management company on Wednesday, April 1st. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Friday, March 13th.

BlackRock MuniYield New York Quality Fund Stock Down 0.1%

Shares of MYN stock traded down $0.02 during midday trading on Wednesday, reaching $10.01. 29,528 shares of the company were exchanged, compared to its average volume of 132,075. The company's 50 day moving average price is $10.04 and its two-hundred day moving average price is $9.97. BlackRock MuniYield New York Quality Fund has a 12 month low of $9.12 and a 12 month high of $10.26.

About BlackRock MuniYield New York Quality Fund

BlackRock MuniYield New York Quality Fund NYSE: MYN is a diversified, closed-end management investment company that seeks to deliver current income exempt from federal and New York State income taxes. The fund primarily invests in a portfolio of municipal securities, with an emphasis on investment-grade obligations issued by entities located within New York State.

The fund’s investment strategy focuses on long-term, tax-exempt income by allocating assets to general obligation bonds, revenue bonds, and other municipal debt instruments rated in the upper tiers of the major credit rating agencies.

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