Blackrock MuniYield California Fund, Inc. (NYSE:MYC) Plans Monthly Dividend of $0.05

Blackrock MuniYield California Fund, Inc. (NYSE:MYC) announced a monthly dividend on Wednesday, January 5th, Wall Street Journal reports. Investors of record on Friday, January 14th will be paid a dividend of 0.046 per share on Tuesday, February 1st. This represents a $0.55 annualized dividend and a dividend yield of 3.75%. The ex-dividend date is Thursday, January 13th.

Blackrock MuniYield California Fund has decreased its dividend payment by 19.1% over the last three years.

Shares of MYC stock opened at $14.71 on Wednesday. The stock has a 50 day simple moving average of $15.23 and a 200 day simple moving average of $15.31. Blackrock MuniYield California Fund has a 1 year low of $14.35 and a 1 year high of $16.00.

A hedge fund recently raised its stake in Blackrock MuniYield California Fund stock. UBS Group AG boosted its stake in Blackrock MuniYield California Fund, Inc. (NYSE:MYC) by 4.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 143,178 shares of the company’s stock after purchasing an additional 6,733 shares during the period. UBS Group AG owned about 0.67% of Blackrock MuniYield California Fund worth $2,175,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 20.77% of the company’s stock.

Blackrock MuniYield California Fund Company Profile

BlackRock MuniYield California Fund, Inc operates as closed-end management investment fund. The company objective is to provide shareholders with as high a level of current income exempt from federal and California income taxes as is consistent with its investment policies and prudent investment management.

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Dividend History for Blackrock MuniYield California Fund (NYSE:MYC)

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