BR-MUNIYLD INSD (MYI) to Issue $0.06 Monthly Dividend
BR-MUNIYLD INSD (NYSE:MYI) declared a monthly dividend on Monday, December 4th, Wall Street Journal reports. Investors of record on Tuesday, December 12th will be paid a dividend of 0.0585 per share by the investment management company on Friday, December 29th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date of this dividend is Monday, December 11th.
BR-MUNIYLD INSD has decreased its dividend payment by an average of 0.7% annually over the last three years.
Shares of BR-MUNIYLD INSD (MYI) traded down $0.05 during mid-day trading on Monday, hitting $14.05. 118,624 shares of the company were exchanged, compared to its average volume of 94,606. BR-MUNIYLD INSD has a 52-week low of $13.33 and a 52-week high of $14.86.
BR-MUNIYLD INSD Company Profile
BlackRock MuniYield Quality Fund III, Inc is a 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 income taxes as is consistent with its investment policies and prudent investment management. The Fund seeks to achieve its investment objective by investing approximately 80% of its assets in municipal obligations exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax).
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