BlackRock MuniYield Michigan Quality Fund, Inc. Announces Monthly Dividend of $0.05 (NYSE:MIY)

BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) announced a monthly dividend on Thursday, July 3rd, Wall Street Journal reports. Investors of record on Tuesday, July 15th will be paid a dividend of 0.0545 per share by the financial services provider on Friday, August 1st. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.91%. The ex-dividend date of this dividend is Tuesday, July 15th.

BlackRock MuniYield Michigan Quality Fund Stock Up 0.3%

Shares of MIY stock opened at $11.07 on Friday. The firm’s 50 day moving average price is $11.29 and its two-hundred day moving average price is $11.37. BlackRock MuniYield Michigan Quality Fund has a 52-week low of $10.81 and a 52-week high of $12.11.

BlackRock MuniYield Michigan Quality Fund Company Profile

BlackRock MuniYield Michigan 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 the fixed income markets of the United States. It primarily invests in investment grade, long-term municipal obligations exempt from federal income taxes and Michigan income taxes.