BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) to Issue Monthly Dividend of $0.05 on June 1st

BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) declared a monthly dividend on Friday, February 27th. Shareholders of record on Friday, May 15th will be paid a dividend of 0.0545 per share by the financial services provider on Monday, June 1st. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Friday, May 15th.

BlackRock MuniYield Michigan Quality Fund Price Performance

Shares of BlackRock MuniYield Michigan Quality Fund stock traded up $0.06 during midday trading on Wednesday, reaching $11.96. The company had a trading volume of 1,860 shares, compared to its average volume of 61,642. BlackRock MuniYield Michigan Quality Fund has a fifty-two week low of $10.57 and a fifty-two week high of $12.90. The stock has a fifty day moving average price of $12.07 and a 200 day moving average price of $11.94.

BlackRock MuniYield Michigan Quality Fund Company Profile

BlackRock MuniYield Michigan Quality Fund (NYSE: MIY) is a closed-end management investment company that seeks to provide current income exempt from federal and Michigan personal income taxes. The fund primarily invests in investment-grade municipal securities issued by state and local governments within Michigan. Its portfolio typically includes a diversified mix of general obligation bonds and revenue bonds backed by public utilities, transportation projects, and other essential municipal services.

The fund’s investment strategy emphasizes credit quality and diversification across sectors and maturities.