BlackRock MuniYield Quality Fund, Inc. (MQY) To Go Ex-Dividend on November 13th

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) announced a monthly dividend on Thursday, September 10th. Stockholders of record on Friday, November 13th will be given a dividend of $0.0580 per share by the financial services provider on Tuesday, December 1st. This represents a $0.70 annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Friday, November 13th.

BlackRock MuniYield Quality Fund Stock Down 0.3%

NYSE:MQY opened at $10.48 on Wednesday. BlackRock MuniYield Quality Fund has a 12 month low of $9.66 and a 12 month high of $11.94. The company has a 50-day moving average price of $10.34 and a 200-day moving average price of $11.15.

Hedge Funds Weigh In On BlackRock MuniYield Quality Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in MQY. Rivernorth Capital Management LLC grew its position in shares of BlackRock MuniYield Quality Fund by 223.8% in the 1st quarter. Rivernorth Capital Management LLC now owns 7,899,355 shares of the financial services provider’s stock worth $86,735,000 after buying an additional 5,459,910 shares during the last quarter. Bank of America Corp DE purchased a new stake in BlackRock MuniYield Quality Fund during the second quarter valued at approximately $21,090,000. Cura Wealth Advisors LLC purchased a new stake in BlackRock MuniYield Quality Fund during the second quarter valued at approximately $3,120,000. Cetera Investment Advisers lifted its position in BlackRock MuniYield Quality Fund by 500.5% during the first quarter. Cetera Investment Advisers now owns 313,561 shares of the financial services provider’s stock valued at $3,443,000 after acquiring an additional 261,344 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in BlackRock MuniYield Quality Fund during the first quarter valued at approximately $2,660,000. Hedge funds and other institutional investors own 25.51% of the company’s stock.

About BlackRock MuniYield Quality Fund

BlackRock MuniYield Quality Fund, Inc. is a closed-end investment fund that seeks to provide current income exempt from regular U.S. federal income tax while preserving capital. It invests primarily in municipal obligations issued by U.S. state and local governments and related public entities. The fund’s portfolio focuses on municipal securities that it considers to be of investment quality. These may finance public projects and services such as transportation, education, utilities and health care.