BlackRock MuniYield Quality Fund III, Inc. (MYI) to Issue Monthly Dividend of $0.06 on August 3rd

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) declared a monthly dividend on Friday, June 5th. Shareholders of record on Wednesday, July 15th will be given a dividend of 0.0555 per share by the investment management company on Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend is Wednesday, July 15th.

BlackRock MuniYield Quality Fund III Price Performance

MYI opened at $10.97 on Monday. BlackRock MuniYield Quality Fund III has a fifty-two week low of $10.20 and a fifty-two week high of $11.46. The company’s 50-day moving average is $10.93 and its 200 day moving average is $10.96.

Hedge Funds Weigh In On BlackRock MuniYield Quality Fund III

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC grew its position in shares of BlackRock MuniYield Quality Fund III by 8.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 15,167 shares of the investment management company’s stock valued at $165,000 after acquiring an additional 1,155 shares during the period. Coastal Bridge Advisors LLC raised its stake in shares of BlackRock MuniYield Quality Fund III by 0.8% in the fourth quarter. Coastal Bridge Advisors LLC now owns 173,968 shares of the investment management company’s stock valued at $1,891,000 after buying an additional 1,366 shares during the period. Rockefeller Capital Management L.P. lifted its position in shares of BlackRock MuniYield Quality Fund III by 0.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 249,293 shares of the investment management company’s stock valued at $2,710,000 after buying an additional 2,055 shares during the last quarter. Kim LLC grew its stake in shares of BlackRock MuniYield Quality Fund III by 1.1% during the 2nd quarter. Kim LLC now owns 203,124 shares of the investment management company’s stock worth $2,131,000 after acquiring an additional 2,117 shares during the period. Finally, Pathway Financial Advisers LLC grew its stake in shares of BlackRock MuniYield Quality Fund III by 11.6% during the 4th quarter. Pathway Financial Advisers LLC now owns 20,870 shares of the investment management company’s stock worth $227,000 after acquiring an additional 2,172 shares during the period. 34.01% of the stock is owned by hedge funds and other institutional investors.

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.