BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) Plans $0.06 Monthly Dividend

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) declared a monthly dividend on Thursday, September 10th. Investors of record on Friday, December 11th will be paid a dividend of 0.0555 per share by the investment management company on Tuesday, December 22nd. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend is Friday, December 11th.

BlackRock MuniYield Quality Fund III Price Performance

MYI stock opened at $10.31 on Friday. The stock has a 50-day moving average price of $10.78 and a two-hundred day moving average price of $10.86. BlackRock MuniYield Quality Fund III has a 12-month low of $10.28 and a 12-month high of $11.46.

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund III

Several large investors have recently made changes to their positions in MYI. CoreCap Advisors LLC purchased a new stake in shares of BlackRock MuniYield Quality Fund III during the 2nd quarter valued at about $25,000. Geneos Wealth Management Inc. acquired a new position in BlackRock MuniYield Quality Fund III in the first quarter worth about $42,000. EverSource Wealth Advisors LLC acquired a new position in shares of BlackRock MuniYield Quality Fund III in the 1st quarter worth approximately $44,000. Elyxium Wealth LLC bought a new stake in BlackRock MuniYield Quality Fund III during the fourth quarter valued at $69,000. Finally, Comerica Bank raised its holdings in shares of BlackRock MuniYield Quality Fund III by 22,586.2% during the fourth quarter. Comerica Bank now owns 6,579 shares of the investment management company’s stock worth $72,000 after purchasing an additional 6,550 shares during the period. Institutional investors and hedge funds own 34.01% of the company’s stock.

BlackRock MuniYield Quality Fund III Company Profile

BlackRock MuniYield Quality Fund III (NYSE: MYI) is a closed-end management investment company that seeks to provide investors with a high level of current income exempt from federal income tax. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including bonds, notes and other debt obligations issued by state and local governments, agencies and authorities across the United States.

In managing its portfolio, the fund generally allocates at least 80% of its total assets to investment-grade municipal debt instruments.