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

BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) announced a monthly dividend on Friday, December 6th,NASDAQ Dividends reports. Investors of record on Monday, December 16th will be given a dividend of 0.0545 per share by the financial services provider on Tuesday, December 31st. This represents a $0.65 annualized dividend and a yield of 5.59%. The ex-dividend date is Monday, December 16th.

BlackRock MuniYield Michigan Quality Fund has decreased its dividend payment by an average of 10.8% per year over the last three years.

BlackRock MuniYield Michigan Quality Fund Price Performance

NYSE:MIY traded down $0.11 during trading hours on Friday, hitting $11.70. 89,190 shares of the stock traded hands, compared to its average volume of 53,872. BlackRock MuniYield Michigan Quality Fund has a 1 year low of $10.96 and a 1 year high of $12.11. The stock has a 50 day moving average price of $11.78 and a 200 day moving average price of $11.67.

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.