Shares of BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY – Get Free Report) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $11.86 and traded as low as $11.72. BlackRock MuniYield Michigan Quality Fund shares last traded at $11.73, with a volume of 48,305 shares.
BlackRock MuniYield Michigan Quality Fund Trading Up 1.0 %
The stock’s 50-day moving average is $11.86 and its two-hundred day moving average is $11.55.
BlackRock MuniYield Michigan Quality Fund Increases Dividend
The company also recently declared a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.0545 per share. This is a positive change from BlackRock MuniYield Michigan Quality Fund’s previous monthly dividend of $0.05. This represents a $0.65 annualized dividend and a dividend yield of 5.59%. The ex-dividend date is Tuesday, October 15th.
Institutional Investors Weigh In On BlackRock MuniYield Michigan Quality Fund
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.
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