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

BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) declared a monthly dividend on Thursday, September 10th. Shareholders of record on Thursday, October 15th will be given a dividend of 0.0545 per share by the financial services provider on Monday, November 2nd. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Thursday, October 15th.

BlackRock MuniYield Michigan Quality Fund Price Performance

Shares of NYSE:MIY opened at $12.26 on Friday. BlackRock MuniYield Michigan Quality Fund has a 52-week low of $11.07 and a 52-week high of $12.90. The stock’s 50-day simple moving average is $12.37 and its two-hundred day simple moving average is $12.19.

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.