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

by · The Markets Daily

BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY – Get Free Report) declared a monthly dividend on Thursday, September 10th. Investors of record on Friday, December 11th will be paid a dividend of 0.0545 per share by the financial services provider on Tuesday, December 22nd. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Friday, December 11th.

BlackRock MuniYield Michigan Quality Fund Stock Down 1.1%

NYSE:MIY opened at $12.26 on Friday. BlackRock MuniYield Michigan Quality Fund has a fifty-two week low of $11.07 and a fifty-two week high of $12.90. The firm’s fifty day simple moving average is $12.37 and its 200-day simple moving average is $12.19.

BlackRock MuniYield Michigan Quality Fund Company Profile

(Get Free Report)

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.

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