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

BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) declared a monthly dividend on Friday, June 5th. Investors of record on Tuesday, September 15th will be paid a dividend of 0.0545 per share by the financial services provider on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Tuesday, September 15th.

BlackRock MuniYield Michigan Quality Fund Stock Up 0.3%

MIY opened at $12.26 on Friday. BlackRock MuniYield Michigan Quality Fund has a 1 year low of $11.07 and a 1 year high of $12.90. The firm’s fifty day moving average price is $12.37 and its two-hundred day moving average price is $12.19.

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.