BlackRock MuniYield Michigan Quality Fund, Inc.

BlackRock MuniYield Michigan Quality Fund, Inc.verified

MIY

Price:

$11.91

Market Cap:

$344.97M

BlackRock MuniYield Michigan Quality Fund, Inc. is a closed-ended fixed income mutual fund launched by BlackRock, Inc. It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade, long-term municipal obligations exempt from federal income taxes and Michigan income taxes. BlackRock MuniYield Michigan Quality Fund, Inc. was formed on October 30, 1992 and is domiciled in the United States.[Read more]

Industry

Asset Management

IPO Date

1992-11-04

Stock Exchange

NYSE

Ticker

MIY

The Dividend Yield as of September 2024 (TTM) for BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) is 4.49%

According to BlackRock MuniYield Michigan Quality Fund, Inc.’s latest financial reports and current stock price. The company's current Dividend Yield is 4.49%. This represents a change of 197.94% compared to the average of 1.51% of the last 4 quarters.

BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) Historical Dividend Yield (quarterly & annually)

How has MIY Dividend Yield performed in the past?

The mean historical Dividend Yield of BlackRock MuniYield Michigan Quality Fund, Inc. over the last ten years is 5.12%. The current 4.49% Dividend Yield has changed -12.28% with respect to the historical average. Over the past ten years (40 quarters), MIY's Dividend Yield was at its highest in in the January 2023 quarter at 2.44%. The Dividend Yield was at its lowest in in the October 2023 quarter at 0.98%.

Quarterly (TTM)
Annual

Average

5.12%

Median

4.97%

Minimum

4.14%

Maximum

6.69%

BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) Dividend Yield by Quarter and Year

Discovering the peaks and valleys of BlackRock MuniYield Michigan Quality Fund, Inc. Dividend Yield, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 17.26%

Maximum Annual Dividend Yield = 6.69%

Minimum Annual Increase = -22.41%

Minimum Annual Dividend Yield = 4.14%

Quarterly (TTM)
Annual
YearDividend YieldChange
20234.28%-12.17%
20224.88%17.26%
20214.16%0.39%
20204.14%-5.48%
20194.38%-21.81%
20185.60%3.43%
20175.42%6.85%
20165.07%-22.41%
20156.54%-2.36%
20146.69%-5.55%

BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) Average Dividend Yield

How has MIY Dividend Yield performed in the past?

The current Dividend Yield of BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

4.44%

5-year avg

4.37%

10-year avg

5.12%

BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) Dividend Yield vs. Peers

How is MIY’s Dividend Yield compared to its peers?

BlackRock MuniYield Michigan Quality Fund, Inc.’s Dividend Yield is less than John Hancock Income Securities Trust (4.02%), less than MFS High Income Municipal Trust (4.39%), less than MFS Investment Grade Municipal Trust (3.90%), less than Virtus Convertible & Income 2024 Target Term Fund (3.68%), less than BlackRock MuniHoldings Fund, Inc. (4.68%), less than BlackRock Municipal Income Fund, Inc. (4.98%), less than Nuveen Dynamic Municipal Opportunities Fund (6.76%), less than BlackRock MuniYield Quality Fund, Inc. (3.57%), less than DWS Municipal Income Trust (4.69%), less than BlackRock MuniYield Quality Fund III, Inc. (5.35%), less than DTF Tax-Free Income 2028 Term Fund Inc. (3.46%), less than Eaton Vance National Municipal Opportunities Trust (4.25%), less than Invesco High Income 2024 Target Term Fund (4.92%), less than BlackRock MuniHoldings New York Quality Fund, Inc. (4.57%), less than Nuveen California Select Tax-Free Income Portfolio (3.56%), less than Federated Hermes Premier Municipal Income Fund (3.45%),

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