BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA - Get Free Report) announced a monthly dividend on Monday, May 5th, Wall Street Journal reports. Shareholders of record on Thursday, May 15th will be paid a dividend of 0.066 per share by the investment management company on Monday, June 2nd. This represents a $0.79 dividend on an annualized basis and a yield of 7.16%. The ex-dividend date of this dividend is Thursday, May 15th.
BlackRock MuniYield Pennsylvania Quality Fund has raised its dividend payment by an average of 2.9% annually over the last three years.
BlackRock MuniYield Pennsylvania Quality Fund Stock Performance
Shares of MPA traded up $0.04 during mid-day trading on Friday, hitting $11.06. The company's stock had a trading volume of 10,035 shares, compared to its average volume of 27,410. The firm has a 50-day moving average price of $11.04 and a 200 day moving average price of $11.60. BlackRock MuniYield Pennsylvania Quality Fund has a fifty-two week low of $10.26 and a fifty-two week high of $12.82.
Insiders Place Their Bets
In related news, major shareholder Saba Capital Management, L.P. sold 27,773 shares of BlackRock MuniYield Pennsylvania Quality Fund stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $11.04, for a total value of $306,613.92. Following the transaction, the insider now owns 1,620,926 shares of the company's stock, valued at approximately $17,895,023.04. This trade represents a 1.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 337,461 shares of company stock worth $3,708,587. 1.00% of the stock is owned by insiders.
BlackRock MuniYield Pennsylvania Quality Fund Company Profile
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BlackRock MuniYield Pennsylvania Quality Fund 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 long-term investment grade municipal obligations exempt from federal income taxes and Pennsylvania income taxes.
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