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

BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) declared a monthly dividend on Friday, January 2nd. Shareholders of record on Friday, February 13th will be given a dividend of 0.0545 per share by the financial services provider on Monday, March 2nd. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Friday, February 13th.

BlackRock MuniYield Michigan Quality Fund Price Performance

MIY traded up $0.20 during midday trading on Wednesday, reaching $12.45. 2,737 shares of the company were exchanged, compared to its average volume of 61,981. BlackRock MuniYield Michigan Quality Fund has a one year low of $10.57 and a one year high of $12.51. The stock’s 50-day simple moving average is $11.93 and its 200 day simple moving average is $11.56.

About BlackRock MuniYield Michigan Quality Fund

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.