BlackRock MuniYield Quality Fund, Inc. Plans Monthly Dividend of $0.06 (NYSE:MQY)

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) declared a monthly dividend on Tuesday, October 5th, Wall Street Journal reports. Stockholders of record on Friday, October 15th will be paid a dividend of 0.063 per share by the financial services provider on Monday, November 1st. This represents a $0.76 annualized dividend and a dividend yield of 4.65%. The ex-dividend date of this dividend is Thursday, October 14th.

BlackRock MuniYield Quality Fund has decreased its dividend payment by 19.4% over the last three years.

Shares of NYSE:MQY opened at $16.26 on Wednesday. The company has a 50-day moving average price of $16.62 and a 200-day moving average price of $16.49. BlackRock MuniYield Quality Fund has a 12 month low of $15.35 and a 12 month high of $17.80.

An institutional investor recently raised its position in BlackRock MuniYield Quality Fund stock. Morgan Stanley grew its position in shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) by 58.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,745,688 shares of the financial services provider’s stock after acquiring an additional 645,371 shares during the period. Morgan Stanley owned about 5.68% of BlackRock MuniYield Quality Fund worth $29,240,000 as of its most recent SEC filing. Institutional investors and hedge funds own 38.13% of the company’s stock.

BlackRock MuniYield Quality Fund Company Profile

BlackRock MuniYield Quality Fund, Inc operates as a closed-end investment fund. It intends to provide shareholders with current income exempt from federal income taxes. The company was founded on July 21, 1992 is headquartered in Wilmington, DE.

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Dividend History for BlackRock MuniYield Quality Fund (NYSE:MQY)

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