BlackRock MuniYield Michigan Quality Fund, Inc.

BlackRock MuniYield Michigan Quality Fund, Inc.verified

MIY

Price:

$12.01

Market Cap:

$347.87M

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 PE Ratio as of September 2024 (TTM) for BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) is 26.69

According to BlackRock MuniYield Michigan Quality Fund, Inc.’s latest financial reports and current stock price. The company's current PE Ratio is 26.69. This represents a change of -131.63% compared to the average of -84.39 of the last 4 quarters.

BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) Historical PE Ratio (quarterly & annually)

How has MIY PE Ratio performed in the past?

The mean historical PE Ratio of BlackRock MuniYield Michigan Quality Fund, Inc. over the last ten years is -9.56. The current 26.69 PE Ratio has changed -28005.16% with respect to the historical average. Over the past ten years (40 quarters), MIY's PE Ratio was at its highest in in the October 2017 quarter at 64.78. The PE Ratio was at its lowest in in the April 2023 quarter at -237.71.

Quarterly (TTM)
Annual

Average

-9.56

Median

10.06

Minimum

-126.35

Maximum

47.18

BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) PE Ratio by Quarter and Year

Discovering the peaks and valleys of BlackRock MuniYield Michigan Quality Fund, Inc. PE Ratio, 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 = 1.03%

Maximum Annual PE Ratio = 47.18

Minimum Annual Increase = -1509.08%

Minimum Annual PE Ratio = -126.35

Quarterly (TTM)
Annual
YearPE RatioChange
2023-85.541.03%
2022-7.57-139.36%
202119.233.98%
202018.4965.91%
201911.15-76.38%
201847.18-137.34%
2017-126.35-1509.08%
20168.97-25.28%
201512.0076.60%
20146.80-159.86%

BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) Average PE Ratio

How has MIY PE Ratio performed in the past?

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

3-year avg

-24.63

5-year avg

-8.85

10-year avg

-9.56

BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) PE Ratio vs. Peers

How is MIY’s PE Ratio compared to its peers?

BlackRock MuniYield Michigan Quality Fund, Inc.’s PE Ratio is greater than John Hancock Income Securities Trust (22.16), greater than MFS High Income Municipal Trust (14.37), less than MFS Investment Grade Municipal Trust (28.45), greater than Virtus Convertible & Income 2024 Target Term Fund (0), greater than BlackRock MuniHoldings Fund, Inc. (-1019.77), greater than BlackRock Municipal Income Fund, Inc. (-844.57), less than Nuveen Dynamic Municipal Opportunities Fund (41.97), greater than BlackRock MuniYield Quality Fund, Inc. (-3033.47), less than DWS Municipal Income Trust (35.78), greater than BlackRock MuniYield Quality Fund III, Inc. (21.24), less than DTF Tax-Free Income 2028 Term Fund Inc. (258.90), greater than Eaton Vance National Municipal Opportunities Trust (9.04), greater than Invesco High Income 2024 Target Term Fund (3.77), greater than BlackRock MuniHoldings New York Quality Fund, Inc. (26.19), greater than Nuveen California Select Tax-Free Income Portfolio (5.79), greater than Federated Hermes Premier Municipal Income Fund (26.65),

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