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

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) announced a monthly dividend on Friday, January 2nd. Stockholders of record on Tuesday, January 20th will be given a dividend of 0.0555 per share by the investment management company on Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend is Tuesday, January 20th.

BlackRock MuniYield Quality Fund III Stock Performance

Shares of BlackRock MuniYield Quality Fund III stock opened at $11.22 on Friday. BlackRock MuniYield Quality Fund III has a twelve month low of $9.98 and a twelve month high of $11.46. The business has a 50-day moving average price of $10.93 and a 200 day moving average price of $10.80.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MYI. Hennion & Walsh Asset Management Inc. grew its stake in BlackRock MuniYield Quality Fund III by 22.9% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 1,541,283 shares of the investment management company’s stock valued at $17,077,000 after acquiring an additional 287,568 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in BlackRock MuniYield Quality Fund III by 376.3% during the second quarter. Rockefeller Capital Management L.P. now owns 236,192 shares of the investment management company’s stock valued at $2,478,000 after purchasing an additional 186,602 shares in the last quarter. Mackay Shields LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund III in the second quarter valued at about $926,000. Horizon Kinetics Asset Management LLC increased its stake in shares of BlackRock MuniYield Quality Fund III by 132.5% during the second quarter. Horizon Kinetics Asset Management LLC now owns 104,299 shares of the investment management company’s stock worth $1,094,000 after purchasing an additional 59,445 shares in the last quarter. Finally, Coastal Bridge Advisors LLC increased its stake in shares of BlackRock MuniYield Quality Fund III by 48.4% during the third quarter. Coastal Bridge Advisors LLC now owns 172,602 shares of the investment management company’s stock worth $1,912,000 after purchasing an additional 56,318 shares in the last quarter. Hedge funds and other institutional investors own 34.01% of the company’s stock.

About BlackRock MuniYield Quality Fund III

BlackRock MuniYield Quality Fund III (NYSE: MYI) is a closed-end management investment company that seeks to provide investors with a high level of current income exempt from federal income tax. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including bonds, notes and other debt obligations issued by state and local governments, agencies and authorities across the United States.

In managing its portfolio, the fund generally allocates at least 80% of its total assets to investment-grade municipal debt instruments.