BlackRock MuniYield Pennsylvania Quality Fund Plans Monthly Dividend of $0.05 (NYSE:MPA)

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) declared a monthly dividend on Friday, May 3rd, Wall Street Journal reports. Shareholders of record on Wednesday, May 15th will be paid a dividend of 0.048 per share by the investment management company on Monday, June 3rd. This represents a $0.58 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date is Tuesday, May 14th.

BlackRock MuniYield Pennsylvania Quality Fund has decreased its dividend by an average of 11.8% per year over the last three years.

BlackRock MuniYield Pennsylvania Quality Fund Stock Performance

BlackRock MuniYield Pennsylvania Quality Fund stock opened at $12.11 on Friday. BlackRock MuniYield Pennsylvania Quality Fund has a twelve month low of $9.87 and a twelve month high of $12.52. The stock’s 50 day moving average is $12.06 and its 200 day moving average is $11.55.

Insider Activity at BlackRock MuniYield Pennsylvania Quality Fund

In other news, major shareholder Saba Capital Management, L.P. acquired 3,691 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were bought at an average cost of $12.12 per share, with a total value of $44,734.92. Following the transaction, the insider now owns 2,078,551 shares of the company’s stock, valued at approximately $25,192,038.12. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders have bought 125,544 shares of company stock valued at $1,508,609. 1.00% of the stock is owned by insiders.

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.