BR-MUNIYLD MI I (MIY) Plans Monthly Dividend of $0.06
BR-MUNIYLD MI I (NYSE:MIY) declared a monthly dividend on Thursday, November 2nd, Wall Street Journal reports. Investors of record on Wednesday, November 15th will be given a dividend of 0.064 per share by the financial services provider on Friday, December 1st. This represents a $0.77 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date is Tuesday, November 14th.
BR-MUNIYLD MI I has decreased its dividend by an average of 4.7% per year over the last three years.
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About BR-MUNIYLD MI I
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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