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

Key Points

• BlackRock MuniYield Quality Fund (NYSE:MQY) declared a monthly dividend of $0.058 per share, payable May 1 to holders of record on April 15, implying about a 6.1% annualized yield.
• MQY shares opened at $11.44, trading near their 50- and 200-day moving averages (~$11.47 and $11.49) with a 52-week range of $10.56 to $11.94.
• Several institutions have recently added or initiated stakes (notably Hennion & Walsh and Canal Capital), and institutional investors now own approximately 25.51% of the fund.

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY - Get Free Report) declared a monthly dividend on Friday, February 27th. Shareholders of record on Wednesday, April 15th will be paid a dividend of 0.058 per share by the financial services provider on Friday, May 1st. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date is Wednesday, April 15th.

BlackRock MuniYield Quality Fund Trading Up 0.1%

Shares of NYSE:MQY opened at $11.44 on Monday. The business's 50 day simple moving average is $11.47 and its two-hundred day simple moving average is $11.49. BlackRock MuniYield Quality Fund has a 52-week low of $10.56 and a 52-week high of $11.94.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. raised its stake in shares of BlackRock MuniYield Quality Fund by 35.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,428,403 shares of the financial services provider's stock worth $16,141,000 after purchasing an additional 370,808 shares during the last quarter. Dakota Wealth Management purchased a new stake in shares of BlackRock MuniYield Quality Fund in the fourth quarter worth approximately $171,000. Westview Management dba Westview Investment Advisors purchased a new stake in shares of BlackRock MuniYield Quality Fund in the fourth quarter worth approximately $121,000. Canal Capital Management LLC raised its stake in shares of BlackRock MuniYield Quality Fund by 51.5% in the fourth quarter. Canal Capital Management LLC now owns 18,990 shares of the financial services provider's stock worth $215,000 after purchasing an additional 6,459 shares during the last quarter. Finally, Yakira Capital Management Inc. purchased a new stake in shares of BlackRock MuniYield Quality Fund in the third quarter worth approximately $145,000. Institutional investors own 25.51% of the company's stock.

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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