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

BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) announced a monthly dividend on Friday, June 5th. Investors of record on Friday, August 14th will be paid a dividend of 0.0545 per share by the financial services provider on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Friday, August 14th.

BlackRock MuniYield Michigan Quality Fund Stock Performance

MIY opened at $12.47 on Wednesday. BlackRock MuniYield Michigan Quality Fund has a twelve month low of $10.97 and a twelve month high of $12.90. The company has a 50-day moving average price of $12.21 and a 200 day moving average price of $12.14.

BlackRock MuniYield Michigan Quality Fund Company Profile

BlackRock MuniYield Michigan Quality Fund (NYSE: MIY) is a closed-end management investment company that seeks to provide current income exempt from federal and Michigan personal income taxes. The fund primarily invests in investment-grade municipal securities issued by state and local governments within Michigan. Its portfolio typically includes a diversified mix of general obligation bonds and revenue bonds backed by public utilities, transportation projects, and other essential municipal services.

The fund’s investment strategy emphasizes credit quality and diversification across sectors and maturities.