BlackRock MuniYield New York Quality Fund, Inc. (MYN) to Issue Monthly Dividend of $0.05 on February 2nd

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) declared a monthly dividend on Friday, January 2nd. Stockholders of record on Tuesday, January 20th will be given a dividend of 0.0512 per share by the investment management company on Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Tuesday, January 20th.

BlackRock MuniYield New York Quality Fund Trading Up 0.3%

Shares of NYSE MYN traded up $0.03 during mid-day trading on Friday, reaching $10.10. The company had a trading volume of 49,674 shares, compared to its average volume of 86,518. BlackRock MuniYield New York Quality Fund has a twelve month low of $9.12 and a twelve month high of $10.33. The stock’s 50 day moving average is $10.01 and its 200-day moving average is $9.78.

Hedge Funds Weigh In On BlackRock MuniYield New York Quality Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its position in BlackRock MuniYield New York Quality Fund by 268.6% in the first quarter. Royal Bank of Canada now owns 274,458 shares of the investment management company’s stock worth $2,725,000 after acquiring an additional 200,000 shares in the last quarter. Mackay Shields LLC raised its holdings in shares of BlackRock MuniYield New York Quality Fund by 2.4% during the 2nd quarter. Mackay Shields LLC now owns 1,174,171 shares of the investment management company’s stock valued at $11,190,000 after purchasing an additional 27,816 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of BlackRock MuniYield New York Quality Fund in the 2nd quarter valued at $27,000. W.G. Shaheen & Associates DBA Whitney & Co increased its position in BlackRock MuniYield New York Quality Fund by 9.7% during the second quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 70,785 shares of the investment management company’s stock worth $675,000 after buying an additional 6,285 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its holdings in BlackRock MuniYield New York Quality Fund by 22.8% during the second quarter. Steward Partners Investment Advisory LLC now owns 7,000 shares of the investment management company’s stock valued at $67,000 after buying an additional 1,300 shares in the last quarter. Institutional investors own 29.32% of the company’s stock.

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.