BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) Plans Monthly Dividend of $0.05

BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) announced a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Shareholders of record on Friday, February 14th will be paid a dividend of 0.0545 per share by the financial services provider on Monday, March 3rd. This represents a $0.65 dividend on an annualized basis and a yield of 5.62%. The ex-dividend date is Friday, February 14th.

BlackRock MuniYield Michigan Quality Fund has decreased its dividend payment by an average of 4.3% per year over the last three years.

BlackRock MuniYield Michigan Quality Fund Stock Performance

Shares of NYSE:MIY traded down $0.03 on Tuesday, hitting $11.64. 46,249 shares of the company were exchanged, compared to its average volume of 54,275. The company’s 50 day moving average price is $11.53 and its two-hundred day moving average price is $11.68. BlackRock MuniYield Michigan Quality Fund has a one year low of $10.97 and a one year high of $12.11.

About BlackRock MuniYield Michigan Quality Fund

BlackRock MuniYield Michigan Quality Fund, Inc is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade, long-term municipal obligations exempt from federal income taxes and Michigan income taxes.