BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) Announces Monthly Dividend of $0.06

Key Points

• Dividend announced: MQY declared a monthly dividend of $0.058 per share payable April 1 to holders of record on March 13 (ex-dividend March 13), implying an annualized yield of about 6.0%.
• Recent trading: Shares traded down to $11.58 (down $0.02) on light volume of 33,670 versus an average of 270,280, with a 52-week range of $10.52–$11.97 and 50-/200-day moving averages near $11.63/$11.53.
• Fund strategy: MQY is a closed-end fund that invests mainly in investment-grade municipal bonds to provide federally tax-exempt income and may employ leverage, supported by BlackRock’s municipal fixed-income research and trading capabilities.

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY - Get Free Report) declared a monthly dividend on Friday, January 2nd. Stockholders of record on Friday, March 13th will be given a dividend of 0.058 per share by the financial services provider on Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Friday, March 13th.

BlackRock MuniYield Quality Fund Trading Down 0.1%

Shares of NYSE MQY traded down $0.02 during mid-day trading on Wednesday, reaching $11.58. 33,670 shares of the company were exchanged, compared to its average volume of 270,280. BlackRock MuniYield Quality Fund has a 1 year low of $10.52 and a 1 year high of $11.97. The firm has a 50-day moving average of $11.63 and a 200 day moving average of $11.53.

About BlackRock MuniYield Quality Fund

BlackRock MuniYield Quality Fund NYSE: MQY is a closed-end investment company that seeks to provide shareholders with a high level of current income exempt from federal income tax. The fund pursues its objective by investing primarily in a diversified portfolio of investment-grade municipal securities, including bonds issued by states, municipalities and their agencies across the United States. MQY may employ leverage to enhance income, in line with its stated risk and return objectives.

As part of BlackRock’s suite of municipal bond offerings, MQY benefits from the firm’s municipal fixed-income research, trading capabilities and credit analysis.

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