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

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) announced a monthly dividend on Friday, June 5th. Stockholders of record on Friday, August 14th will be paid a dividend of 0.058 per share by the financial services provider on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Friday, August 14th.

BlackRock MuniYield Quality Fund Trading Down 0.2%

BlackRock MuniYield Quality Fund stock opened at $11.32 on Wednesday. The stock has a fifty day moving average price of $11.44 and a 200 day moving average price of $11.44. BlackRock MuniYield Quality Fund has a 52 week low of $10.84 and a 52 week high of $11.94.

Hedge Funds Weigh In On BlackRock MuniYield Quality Fund

Large investors have recently bought and sold shares of the stock. NewEdge Advisors LLC boosted its holdings in BlackRock MuniYield Quality Fund by 7.4% in the first quarter. NewEdge Advisors LLC now owns 45,824 shares of the financial services provider’s stock valued at $537,000 after acquiring an additional 3,168 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in BlackRock MuniYield Quality Fund during the first quarter valued at approximately $594,000. Cetera Investment Advisers boosted its position in BlackRock MuniYield Quality Fund by 20.6% during the 2nd quarter. Cetera Investment Advisers now owns 28,876 shares of the financial services provider’s stock worth $321,000 after purchasing an additional 4,939 shares during the period. Raymond James Financial Inc. raised its holdings in shares of BlackRock MuniYield Quality Fund by 22.1% during the 2nd quarter. Raymond James Financial Inc. now owns 284,228 shares of the financial services provider’s stock valued at $3,158,000 after buying an additional 51,402 shares during the period. Finally, Jane Street Group LLC acquired a new stake in BlackRock MuniYield Quality Fund during the 2nd quarter valued at $236,000. Hedge funds and other institutional investors own 25.51% of the company’s stock.

BlackRock MuniYield Quality Fund Company Profile

BlackRock MuniYield Quality Fund (NYSE: MQY) is a closed-end investment company that seeks to provide shareholders with a high level of current income exempt from federal income tax. The fund pursues its objective by investing primarily in a diversified portfolio of investment-grade municipal securities, including bonds issued by states, municipalities and their agencies across the United States. MQY may employ leverage to enhance income, in line with its stated risk and return objectives.

As part of BlackRock’s suite of municipal bond offerings, MQY benefits from the firm’s municipal fixed-income research, trading capabilities and credit analysis.