BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) Announces Monthly Dividend of $0.05

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYNGet Rating) declared a monthly dividend on Wednesday, May 4th, Wall Street Journal reports. Shareholders of record on Monday, May 16th will be given a dividend of 0.0515 per share by the investment management company on Wednesday, June 1st. This represents a $0.62 dividend on an annualized basis and a yield of 5.70%. The ex-dividend date of this dividend is Friday, May 13th.

MYN opened at $10.85 on Thursday. The firm’s fifty day moving average price is $11.76 and its two-hundred day moving average price is $13.08. BlackRock MuniYield New York Quality Fund has a 1 year low of $10.60 and a 1 year high of $14.67.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Morgan Stanley boosted its holdings in BlackRock MuniYield New York Quality Fund by 8.3% during the 3rd quarter. Morgan Stanley now owns 593,972 shares of the investment management company’s stock worth $8,191,000 after acquiring an additional 45,466 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in BlackRock MuniYield New York Quality Fund by 4.1% during the 4th quarter. Wells Fargo & Company MN now owns 219,037 shares of the investment management company’s stock worth $3,086,000 after acquiring an additional 8,663 shares during the last quarter. Stifel Financial Corp purchased a new position in BlackRock MuniYield New York Quality Fund during the 4th quarter worth $230,000. Finally, NewEdge Advisors LLC purchased a new position in BlackRock MuniYield New York Quality Fund during the 4th quarter worth $175,000. 12.70% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniYield New York Quality Fund Company Profile (Get Rating)

BlackRock MuniYield New York 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 fixed income markets. It invests primarily in a portfolio of long-term investment grade municipal bonds exempt from federal income taxes and New York State and New York City personal income taxes.

See Also

Dividend History for BlackRock MuniYield New York Quality Fund (NYSE:MYN)

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