BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) to Distribute Monthly Dividend of $0.05 on September 1st

BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) announced a monthly dividend on Friday, June 5th. Investors of record on Friday, August 14th will be given a dividend of 0.0545 per share by the financial services provider on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Friday, August 14th.

BlackRock MuniYield Michigan Quality Fund Price Performance

NYSE:MIY opened at $12.47 on Wednesday. BlackRock MuniYield Michigan Quality Fund has a twelve month low of $10.97 and a twelve month high of $12.90. The company’s 50 day moving average is $12.21 and its two-hundred day moving average is $12.14.

BlackRock MuniYield Michigan Quality Fund Company Profile

BlackRock MuniYield Michigan Quality Fund (NYSE: MIY) is a closed-end management investment company that seeks to provide current income exempt from federal and Michigan personal income taxes. The fund primarily invests in investment-grade municipal securities issued by state and local governments within Michigan. Its portfolio typically includes a diversified mix of general obligation bonds and revenue bonds backed by public utilities, transportation projects, and other essential municipal services.

The fund’s investment strategy emphasizes credit quality and diversification across sectors and maturities.