BlackRock MuniYield Fund, Inc. (MYD) to Issue Monthly Dividend of $0.05 on December 31st

BlackRock MuniYield Fund, Inc. (NYSE:MYD) announced a monthly dividend on Friday, December 12th. Investors of record on Monday, December 22nd will be given a dividend of 0.0545 per share by the financial services provider on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Monday, December 22nd.

BlackRock MuniYield Fund Stock Performance

NYSE:MYD traded up $0.01 on Friday, hitting $10.42. The stock had a trading volume of 175,178 shares, compared to its average volume of 154,515. The company has a fifty day moving average price of $10.52 and a two-hundred day moving average price of $10.27. BlackRock MuniYield Fund has a 1-year low of $9.65 and a 1-year high of $10.92.

BlackRock MuniYield Fund Company Profile

BlackRock MuniYield Fund (NYSE: MYD) is a closed-end management investment company that seeks to provide shareholders with current income exempt from regular federal income tax. The fund primarily invests in U.S. municipal fixed-income securities, including investment-grade and certain lower-rated bonds that the portfolio managers believe offer attractive yield opportunities. Through its diversified municipal bond portfolio, MYD aims to deliver tax-advantaged income while managing credit and interest rate risk.

MYD’s investment strategy focuses on geographic and sector diversification across states and local governmental entities, covering a range of project types such as education, transportation, healthcare and general obligation bonds.