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.

COPYRIGHT VIOLATION NOTICE: This story was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this story on another publication, it was stolen and republished in violation of United States & international trademark & copyright laws. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/11/02/br-muniyld-mi-i-miy-plans-monthly-dividend-of-0-06.html.

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.

Dividend History for BR-MUNIYLD MI I (NYSE:MIY)

Receive News & Ratings for BR-MUNIYLD MI I Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BR-MUNIYLD MI I and related companies with MarketBeat.com's FREE daily email newsletter.