BR-MUNIYLD MI I (MIY) to Issue $0.06 Monthly Dividend
BR-MUNIYLD MI I (NYSE:MIY) declared a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Stockholders of record on Monday, October 16th will be given a dividend of 0.064 per share by the financial services provider on Wednesday, November 1st. This represents a $0.77 dividend on an annualized basis and a dividend yield of 5.52%. The ex-dividend date is Friday, October 13th.
BR-MUNIYLD MI I has decreased its dividend by an average of 4.7% annually over the last three years.
Shares of BR-MUNIYLD MI I (NYSE:MIY) traded down 0.43% on Tuesday, hitting $13.92. The stock had a trading volume of 52,617 shares. The firm has a 50-day moving average price of $14.07 and a 200-day moving average price of $13.97. BR-MUNIYLD MI I has a 52 week low of $13.17 and a 52 week high of $15.09.
BR-MUNIYLD MI I Company Profile
BlackRock MuniYield Michigan Quality Fund, Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to provide shareholders with as high a level of current income exempt from federal and Michigan income taxes as is consistent with its investment policies and prudent investment management.
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