BlackRock MuniYield Quality Fund, Inc. Declares Monthly Dividend of $0.06 (NYSE:MQY)

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQYGet Free Report) declared a monthly dividend on Friday, June 5th. Shareholders of record on Friday, August 14th will be given a dividend of 0.058 per share by the financial services provider on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Friday, August 14th.

BlackRock MuniYield Quality Fund Stock Down 0.2%

Shares of MQY stock opened at $11.32 on Wednesday. BlackRock MuniYield Quality Fund has a 12-month low of $10.84 and a 12-month high of $11.94. The business’s fifty day simple moving average is $11.44 and its 200-day simple moving average is $11.44.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Allied Private Wealth LLC purchased a new stake in BlackRock MuniYield Quality Fund in the second quarter valued at about $25,000. Global Retirement Partners LLC purchased a new stake in shares of BlackRock MuniYield Quality Fund during the fourth quarter worth about $32,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of BlackRock MuniYield Quality Fund during the fourth quarter worth about $32,000. Geneos Wealth Management Inc. acquired a new position in shares of BlackRock MuniYield Quality Fund during the first quarter valued at about $34,000. Finally, Ballast Advisors LLC acquired a new position in shares of BlackRock MuniYield Quality Fund during the first quarter valued at about $35,000. 25.51% of the stock is owned by institutional investors and hedge funds.

About BlackRock MuniYield Quality Fund

(Get Free Report)

BlackRock MuniYield Quality Fund (NYSE: MQY) is a closed-end investment company that seeks to provide shareholders with a high level of current income exempt from federal income tax. The fund pursues its objective by investing primarily in a diversified portfolio of investment-grade municipal securities, including bonds issued by states, municipalities and their agencies across the United States. MQY may employ leverage to enhance income, in line with its stated risk and return objectives.

As part of BlackRock’s suite of municipal bond offerings, MQY benefits from the firm’s municipal fixed-income research, trading capabilities and credit analysis.

Recommended Stories

Dividend History for BlackRock MuniYield Quality Fund (NYSE:MQY)

Receive News & Ratings for BlackRock MuniYield Quality Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock MuniYield Quality Fund and related companies with MarketBeat.com's FREE daily email newsletter.