BlackRock MuniYield New York Quality Fund, Inc. Announces Monthly Dividend of $0.05 (NYSE:MYN)

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) declared a monthly dividend on Friday, December 12th. Investors of record on Monday, December 22nd will be paid a dividend of 0.0512 per share by the investment management company on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Monday, December 22nd.

BlackRock MuniYield New York Quality Fund Stock Down 0.1%

MYN traded down $0.01 during midday trading on Friday, hitting $9.94. 202,720 shares of the company were exchanged, compared to its average volume of 114,828. The firm’s 50 day moving average price is $10.06 and its 200-day moving average price is $9.71. BlackRock MuniYield New York Quality Fund has a 1-year low of $9.12 and a 1-year high of $10.33.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Wolverine Asset Management LLC bought a new stake in shares of BlackRock MuniYield New York Quality Fund in the 2nd quarter valued at $27,000. United Financial Planning Group LLC acquired a new position in BlackRock MuniYield New York Quality Fund in the third quarter valued at $35,000. Steward Partners Investment Advisory LLC lifted its holdings in BlackRock MuniYield New York Quality Fund by 22.8% in the second quarter. Steward Partners Investment Advisory LLC now owns 7,000 shares of the investment management company’s stock valued at $67,000 after buying an additional 1,300 shares during the period. Fort Point Capital Partners LLC bought a new stake in BlackRock MuniYield New York Quality Fund during the third quarter valued at $101,000. Finally, Equitable Holdings Inc. grew its holdings in BlackRock MuniYield New York Quality Fund by 14.6% during the 3rd quarter. Equitable Holdings Inc. now owns 15,701 shares of the investment management company’s stock worth $156,000 after acquiring an additional 2,000 shares during the period. Institutional investors own 29.32% of the company’s stock.

About BlackRock MuniYield New York Quality Fund

BlackRock MuniYield New York Quality Fund (NYSE: MYN) is a diversified, closed-end management investment company that seeks to deliver current income exempt from federal and New York State income taxes. The fund primarily invests in a portfolio of municipal securities, with an emphasis on investment-grade obligations issued by entities located within New York State.

The fund’s investment strategy focuses on long-term, tax-exempt income by allocating assets to general obligation bonds, revenue bonds, and other municipal debt instruments rated in the upper tiers of the major credit rating agencies.