BlackRock MuniYield Quality Fund, Inc. (MQY) to Issue Monthly Dividend of $0.06 on September 1st

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) declared a monthly dividend on Friday, June 5th. Investors 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 yield of 6.1%. The ex-dividend date of this dividend is Friday, August 14th.

BlackRock MuniYield Quality Fund Trading Up 0.1%

Shares of BlackRock MuniYield Quality Fund stock opened at $11.35 on Wednesday. The business’s fifty day moving average price is $11.44 and its 200 day moving average price is $11.44. BlackRock MuniYield Quality Fund has a twelve month low of $10.84 and a twelve month high of $11.94.

Institutional Trading of BlackRock MuniYield Quality Fund

Several institutional investors and hedge funds have recently bought and sold shares of MQY. Wolverine Asset Management LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund in the fourth quarter worth $1,082,000. Allspring Global Investments Holdings LLC acquired a new position in BlackRock MuniYield Quality Fund during the first quarter valued at $2,660,000. Rivernorth Capital Management LLC lifted its stake in BlackRock MuniYield Quality Fund by 223.8% in the 1st quarter. Rivernorth Capital Management LLC now owns 7,899,355 shares of the financial services provider’s stock worth $86,735,000 after acquiring an additional 5,459,910 shares in the last quarter. Cetera Investment Advisers boosted its position in BlackRock MuniYield Quality Fund by 500.5% during the 1st quarter. Cetera Investment Advisers now owns 313,561 shares of the financial services provider’s stock worth $3,443,000 after acquiring an additional 261,344 shares during the period. Finally, River Street Advisors LLC acquired a new stake in BlackRock MuniYield Quality Fund during the 1st quarter worth about $488,000. Institutional investors and hedge funds 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.