BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Announces $0.07 Monthly Dividend

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) declared a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, April 15th will be given a dividend of 0.066 per share by the investment management company on Thursday, May 1st. This represents a $0.79 dividend on an annualized basis and a dividend yield of 7.08%. The ex-dividend date of this dividend is Tuesday, April 15th.

BlackRock MuniYield Pennsylvania Quality Fund has raised its dividend payment by an average of 2.9% annually over the last three years.

BlackRock MuniYield Pennsylvania Quality Fund Price Performance

BlackRock MuniYield Pennsylvania Quality Fund stock opened at $11.18 on Friday. The firm’s fifty day moving average price is $11.55 and its 200 day moving average price is $11.92. BlackRock MuniYield Pennsylvania Quality Fund has a 12-month low of $11.11 and a 12-month high of $12.82.

Insider Transactions at BlackRock MuniYield Pennsylvania Quality Fund

In related news, major shareholder Saba Capital Management, L.P. sold 21,807 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $11.50, for a total transaction of $250,780.50. Following the completion of the sale, the insider now owns 2,057,746 shares of the company’s stock, valued at $23,664,079. This represents a 1.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders sold 124,289 shares of company stock worth $1,455,785. 1.00% of the stock is currently owned by corporate insiders.

About BlackRock MuniYield Pennsylvania Quality Fund

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