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

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

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

BlackRock MuniYield Michigan Quality Fund Stock Performance

Shares of MIY stock traded down $0.11 on Friday, hitting $11.70. The company had a trading volume of 89,190 shares, compared to its average volume of 53,872. BlackRock MuniYield Michigan Quality Fund has a twelve month low of $10.96 and a twelve month high of $12.11. The company 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.