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

BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) declared a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Investors of record on Wednesday, January 15th will be paid a dividend of 0.0545 per share by the financial services provider on Monday, February 3rd. This represents a $0.65 dividend on an annualized basis and a yield of 5.76%. The ex-dividend date of this dividend is Wednesday, January 15th.

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

BlackRock MuniYield Michigan Quality Fund Price Performance

Shares of NYSE:MIY traded up $0.04 during midday trading on Friday, reaching $11.36. 57,183 shares of the company’s stock were exchanged, compared to its average volume of 68,992. The company’s 50 day simple moving average is $11.62 and its two-hundred day simple moving average is $11.68. BlackRock MuniYield Michigan Quality Fund has a 12 month low of $10.96 and a 12 month high of $12.11.

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.