BlackRock MuniYield Quality Fund III, Inc. to Issue Monthly Dividend of $0.06 (NYSE:MYI)

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) announced a monthly dividend on Friday, June 5th. Investors of record on Wednesday, July 15th will be paid a dividend of 0.0555 per share by the investment management company on Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Wednesday, July 15th.

BlackRock MuniYield Quality Fund III Price Performance

Shares of MYI stock opened at $10.99 on Monday. The stock has a 50-day moving average of $10.93 and a 200-day moving average of $10.96. BlackRock MuniYield Quality Fund III has a 1-year low of $10.20 and a 1-year high of $11.46.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in MYI. Trust Co. of Vermont bought a new position in shares of BlackRock MuniYield Quality Fund III in the fourth quarter worth $25,000. CoreCap Advisors LLC purchased a new position in shares of BlackRock MuniYield Quality Fund III in the 2nd quarter valued at approximately $25,000. Geneos Wealth Management Inc. bought a new position in BlackRock MuniYield Quality Fund III in the 1st quarter worth about $42,000. EverSource Wealth Advisors LLC bought a new stake in shares of BlackRock MuniYield Quality Fund III in the first quarter worth approximately $44,000. Finally, Elyxium Wealth LLC purchased a new stake in shares of BlackRock MuniYield Quality Fund III during the 4th quarter valued at about $69,000. Hedge funds and other institutional investors own 34.01% of the company’s stock.

About BlackRock MuniYield Quality Fund III

BlackRock MuniYield Quality Fund III (NYSE: MYI) is a closed-end management investment company that seeks to provide investors with a high level of current income exempt from federal income tax. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including bonds, notes and other debt obligations issued by state and local governments, agencies and authorities across the United States.

In managing its portfolio, the fund generally allocates at least 80% of its total assets to investment-grade municipal debt instruments.