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 ROE as of September 2024 (TTM) for BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) is 4.76%

According to BlackRock MuniYield Michigan Quality Fund, Inc.’s latest financial reports and current stock price. The company's current ROE is 4.76%. This represents a change of 301.93% compared to the average of 1.19% of the last 4 quarters.

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

How has MIY ROE performed in the past?

The mean historical ROE of BlackRock MuniYield Michigan Quality Fund, Inc. over the last ten years is 3.53%. The current 4.76% ROE has changed 35.11% with respect to the historical average. Over the past ten years (40 quarters), MIY's ROE was at its highest in in the July 2019 quarter at 6.67%. The ROE was at its lowest in in the July 2022 quarter at -8.27%.

Quarterly (TTM)
Annual

Average

3.53%

Median

4.99%

Minimum

-13.37%

Maximum

13.01%

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

Discovering the peaks and valleys of BlackRock MuniYield Michigan Quality Fund, Inc. ROE, 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 = 347.73%

Maximum Annual ROE = 13.01%

Minimum Annual Increase = -361.09%

Minimum Annual ROE = -13.37%

Quarterly (TTM)
Annual
YearROEChange
2023-1.15%-91.41%
2022-13.37%-361.09%
20215.12%5.41%
20204.86%-40.30%
20198.14%347.73%
20181.82%-350.36%
2017-0.73%-106.95%
201610.45%46.84%
20157.12%-45.29%
201413.01%-266.28%

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

How has MIY ROE performed in the past?

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

3-year avg

-3.13%

5-year avg

0.72%

10-year avg

3.53%

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

How is MIY’s ROE compared to its peers?

BlackRock MuniYield Michigan Quality Fund, Inc.’s ROE is less than John Hancock Income Securities Trust (4.59%), less than MFS High Income Municipal Trust (6.81%), less than MFS Investment Grade Municipal Trust (3.44%), less than Virtus Convertible & Income 2024 Target Term Fund (21.86%), greater than BlackRock MuniHoldings Fund, Inc. (-0.09%), greater than BlackRock Municipal Income Fund, Inc. (-0.11%), less than Nuveen Dynamic Municipal Opportunities Fund (2.51%), greater than BlackRock MuniYield Quality Fund, Inc. (-0.03%), less than DWS Municipal Income Trust (2.78%), less than BlackRock MuniYield Quality Fund III, Inc. (4.41%), less than DTF Tax-Free Income 2028 Term Fund Inc. (0.36%), less than Eaton Vance National Municipal Opportunities Trust (11.25%), less than Invesco High Income 2024 Target Term Fund (25.55%), less than BlackRock MuniHoldings New York Quality Fund, Inc. (3.45%), less than Nuveen California Select Tax-Free Income Portfolio (17.40%), less than Federated Hermes Premier Municipal Income Fund (3.80%),

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