BlackRock MuniYield Fund, Inc. (NYSE:MYD) to Issue Monthly Dividend of $0.05

BlackRock MuniYield Fund, Inc. (NYSE:MYD) declared a monthly dividend on Friday, January 2nd. Investors of record on Friday, February 6th will be paid a dividend of 0.0545 per share by the financial services provider on Monday, March 2nd. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Friday, February 6th.

BlackRock MuniYield Fund Trading Up 0.0%

Shares of NYSE MYD traded up $0.01 during midday trading on Wednesday, reaching $10.71. The company had a trading volume of 78,375 shares, compared to its average volume of 141,200. BlackRock MuniYield Fund has a 1 year low of $9.65 and a 1 year high of $10.92. The business’s 50-day simple moving average is $10.48 and its 200 day simple moving average is $10.39.

BlackRock MuniYield Fund Company Profile

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.