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

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQYGet Free Report) announced a monthly dividend on Thursday, September 10th. Shareholders of record on Friday, December 11th will be paid a dividend of 0.058 per share by the financial services provider on Tuesday, December 22nd. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend is Friday, December 11th.

BlackRock MuniYield Quality Fund Stock Down 1.6%

NYSE:MQY opened at $10.53 on Friday. BlackRock MuniYield Quality Fund has a fifty-two week low of $10.52 and a fifty-two week high of $11.94. The stock’s 50-day moving average is $11.25 and its two-hundred day moving average is $11.35.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allied Private Wealth LLC acquired a new position in BlackRock MuniYield Quality Fund in the 2nd quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of BlackRock MuniYield Quality Fund during the 2nd quarter valued at $27,000. Global Retirement Partners LLC acquired a new position in shares of BlackRock MuniYield Quality Fund in the fourth quarter worth $32,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of BlackRock MuniYield Quality Fund in the fourth quarter worth $32,000. Finally, Geneos Wealth Management Inc. purchased a new stake in shares of BlackRock MuniYield Quality Fund during the first quarter worth $34,000. 25.51% of the stock is owned by hedge funds and other institutional investors.

About BlackRock MuniYield Quality Fund

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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.

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

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