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 Enterprise Value as of September 2024 (TTM) for BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) is 568.22M

According to BlackRock MuniYield Michigan Quality Fund, Inc.’s latest financial reports and current stock price. The company's current Enterprise Value is 568.22M. This represents a change of 17.39% compared to the average of 484.03M of the last 4 quarters.

BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) Historical Enterprise Value (quarterly & annually)

How has MIY Enterprise Value performed in the past?

The mean historical Enterprise Value of BlackRock MuniYield Michigan Quality Fund, Inc. over the last ten years is 554.18M. The current 568.22M Enterprise Value has changed 10.15% with respect to the historical average. Over the past ten years (40 quarters), MIY's Enterprise Value was at its highest in in the July 2021 quarter at 736.18M. The Enterprise Value was at its lowest in in the July 2023 quarter at 307.09M.

Quarterly (TTM)
Annual

Average

554.18M

Median

547.81M

Minimum

353.64M

Maximum

736.18M

BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) Enterprise Value by Quarter and Year

Discovering the peaks and valleys of BlackRock MuniYield Michigan Quality Fund, Inc. Enterprise Value, 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 = 87.79%

Maximum Annual Enterprise Value = 736.18M

Minimum Annual Increase = -47.59%

Minimum Annual Enterprise Value = 353.64M

Quarterly (TTM)
Annual
YearEnterprise ValueChange
2023353.64M-47.59%
2022674.79M-8.34%
2021736.18M5.49%
2020697.89M-2.69%
2019717.18M87.79%
2018381.90M-9.25%
2017420.83M-42.83%
2016736.12M79.83%
2015409.34M-1.10%
2014413.90M1.23%

BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) Average Enterprise Value

How has MIY Enterprise Value performed in the past?

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

3-year avg

588.20M

5-year avg

635.93M

10-year avg

554.18M

BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) Enterprise Value vs. Peers

How is MIY’s Enterprise Value compared to its peers?

BlackRock MuniYield Michigan Quality Fund, Inc.’s Enterprise Value is greater than John Hancock Income Securities Trust (226.32M), greater than MFS High Income Municipal Trust (205.39M), greater than MFS Investment Grade Municipal Trust (111.20M), greater than Virtus Convertible & Income 2024 Target Term Fund (179.18M), less than BlackRock MuniHoldings Fund, Inc. (665.45M), less than BlackRock Municipal Income Fund, Inc. (916.12M), less than Nuveen Dynamic Municipal Opportunities Fund (654.20M), less than BlackRock MuniYield Quality Fund, Inc. (934.00M), greater than DWS Municipal Income Trust (409.71M), less than BlackRock MuniYield Quality Fund III, Inc. (1.29B), greater than DTF Tax-Free Income 2028 Term Fund Inc. (76.99M), greater than Eaton Vance National Municipal Opportunities Trust (320.39M), greater than Invesco High Income 2024 Target Term Fund (86.81M), greater than BlackRock MuniHoldings New York Quality Fund, Inc. (563.54M), greater than Nuveen California Select Tax-Free Income Portfolio (88.70M), greater than Federated Hermes Premier Municipal Income Fund (231.53M),

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