BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Plans Monthly Dividend of $0.07

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) declared a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Shareholders of record on Friday, February 14th will be given a dividend of 0.066 per share by the investment management company on Monday, March 3rd. This represents a $0.79 dividend on an annualized basis and a yield of 6.78%. The ex-dividend date is Friday, February 14th.

BlackRock MuniYield Pennsylvania Quality Fund has raised its dividend by an average of 2.9% annually over the last three years.

BlackRock MuniYield Pennsylvania Quality Fund Stock Performance

Shares of NYSE:MPA opened at $11.68 on Wednesday. The firm’s 50 day moving average is $11.86 and its two-hundred day moving average is $12.16. BlackRock MuniYield Pennsylvania Quality Fund has a 52 week low of $11.31 and a 52 week high of $12.82.

Insider Activity at BlackRock MuniYield Pennsylvania Quality Fund

In other news, major shareholder Saba Capital Management, L.P. sold 12,696 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $11.74, for a total value of $149,051.04. Following the completion of the transaction, the insider now owns 2,112,307 shares of the company’s stock, valued at approximately $24,798,484.18. This represents a 0.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have sold a total of 62,000 shares of company stock worth $733,911 in the last three months. 1.00% of the stock is owned by company insiders.

About BlackRock MuniYield Pennsylvania Quality Fund

BlackRock MuniYield Pennsylvania Quality Fund is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in long-term investment grade municipal obligations exempt from federal income taxes and Pennsylvania income taxes.