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

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) declared a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Investors 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 annualized dividend and a yield of 6.68%. The ex-dividend date of this dividend 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 Price Performance

NYSE:MPA opened at $11.86 on Wednesday. BlackRock MuniYield Pennsylvania Quality Fund has a fifty-two week low of $11.31 and a fifty-two week high of $12.82. The business has a 50 day moving average price of $11.91 and a 200-day moving average price of $12.18.

Insiders Place Their Bets

In other news, major shareholder Saba Capital Management, L.P. sold 3,268 shares of BlackRock MuniYield Pennsylvania Quality Fund stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $11.84, for a total value of $38,693.12. Following the sale, the insider now directly owns 2,202,857 shares in the company, valued at approximately $26,081,826.88. This trade represents a 0.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 16,517 shares of company stock valued at $195,919 in the last quarter. Insiders own 1.00% of the company’s stock.

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.