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

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

BlackRock MuniYield Michigan Quality Fund Stock Up 1.5 %

Shares of BlackRock MuniYield Michigan Quality Fund stock opened at $11.23 on Friday. BlackRock MuniYield Michigan Quality Fund has a 1-year low of $9.45 and a 1-year high of $11.70. The firm’s 50-day moving average price is $11.36 and its two-hundred day moving average price 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.