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

BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) declared a monthly dividend on Friday, May 3rd, Wall Street Journal reports. Investors of record on Wednesday, May 15th will be paid a dividend of 0.0465 per share by the financial services provider on Monday, June 3rd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date is Tuesday, May 14th.

BlackRock MuniYield Michigan Quality Fund Trading Up 1.5 %

BlackRock MuniYield Michigan Quality Fund stock traded up $0.17 during midday trading on Friday, hitting $11.23. The stock had a trading volume of 75,515 shares, compared to its average volume of 51,915. BlackRock MuniYield Michigan Quality Fund has a 52-week low of $9.45 and a 52-week high of $11.70. The firm’s fifty day moving average is $11.36 and its two-hundred day moving average is $11.08.

About BlackRock MuniYield Michigan Quality Fund

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.