BlackRock MuniYield Fund, Inc. (NYSE:MYD – Get Free Report) announced a monthly dividend on Friday, December 12th. Stockholders of record on Monday, December 22nd will be paid a dividend of 0.0545 per share by the financial services provider on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Monday, December 22nd.
BlackRock MuniYield Fund Price Performance
Shares of NYSE MYD traded up $0.01 during mid-day trading on Friday, reaching $10.42. 175,178 shares of the company traded hands, compared to its average volume of 154,515. BlackRock MuniYield Fund has a fifty-two week low of $9.65 and a fifty-two week high of $10.92. The stock has a fifty day simple moving average of $10.52 and a 200-day simple moving average of $10.27.
About BlackRock MuniYield Fund
BlackRock MuniYield Fund (NYSE: MYD) is a closed-end management investment company that seeks to provide shareholders with current income exempt from regular federal income tax. The fund primarily invests in U.S. municipal fixed-income securities, including investment-grade and certain lower-rated bonds that the portfolio managers believe offer attractive yield opportunities. Through its diversified municipal bond portfolio, MYD aims to deliver tax-advantaged income while managing credit and interest rate risk.
MYD’s investment strategy focuses on geographic and sector diversification across states and local governmental entities, covering a range of project types such as education, transportation, healthcare and general obligation bonds.
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