BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT) to Issue $0.05 Monthly Dividend

BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT) declared a monthly dividend on Thursday, July 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, July 15th will be paid a dividend of 0.051 per share by the investment management company on Friday, August 1st. This represents a $0.61 annualized dividend and a dividend yield of 6.40%. The ex-dividend date of this dividend is Tuesday, July 15th.

BlackRock MuniYield Quality Fund II Stock Performance

Shares of BlackRock MuniYield Quality Fund II stock opened at $9.56 on Friday. The company has a fifty day simple moving average of $9.63 and a 200-day simple moving average of $9.85. BlackRock MuniYield Quality Fund II has a 12-month low of $9.05 and a 12-month high of $11.00.

Institutional Inflows and Outflows

An institutional investor recently raised its position in BlackRock MuniYield Quality Fund II stock. NewEdge Advisors LLC grew its stake in BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT) by 8.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,236 shares of the investment management company’s stock after buying an additional 2,000 shares during the period. NewEdge Advisors LLC owned 0.11% of BlackRock MuniYield Quality Fund II worth $252,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 30.75% of the company’s stock.

BlackRock MuniYield Quality Fund II Company Profile

BlackRock MuniYield Quality Fund II, Inc 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 primarily invests in municipal debt bonds exempt from federal income taxes. BlackRock MuniYield Quality Fund II, Inc was formed in September 21, 1992 and is domiciled in United States.