BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) Announces Monthly Dividend of $0.06

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY – Get Rating) announced a monthly dividend on Wednesday, May 4th, Wall Street Journal reports. Stockholders of record on Monday, May 16th will be given a dividend of 0.063 per share by the financial services provider on Wednesday, June 1st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.86%. The ex-dividend date of this dividend is Friday, May 13th.

BlackRock MuniYield Quality Fund has increased its dividend payment by an average of 191.5% per year over the last three years.

BlackRock MuniYield Quality Fund stock opened at $12.90 on Thursday. BlackRock MuniYield Quality Fund has a 12 month low of $12.61 and a 12 month high of $17.20. The business has a 50 day simple moving average of $13.53 and a 200-day simple moving average of $14.93.

Several institutional investors have recently bought and sold shares of MQY. NewEdge Advisors LLC purchased a new stake in shares of BlackRock MuniYield Quality Fund in the fourth quarter valued at approximately $302,000. Millennium Management LLC purchased a new stake in shares of BlackRock MuniYield Quality Fund during the fourth quarter worth approximately $365,000. LPL Financial LLC increased its position in shares of BlackRock MuniYield Quality Fund by 24.8% during the third quarter. LPL Financial LLC now owns 77,048 shares of the financial services provider’s stock worth $1,248,000 after purchasing an additional 15,313 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of BlackRock MuniYield Quality Fund by 3.4% during the fourth quarter. Wells Fargo & Company MN now owns 233,292 shares of the financial services provider’s stock worth $3,765,000 after purchasing an additional 7,620 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of BlackRock MuniYield Quality Fund by 58.7% during the second quarter. Morgan Stanley now owns 1,745,688 shares of the financial services provider’s stock worth $29,240,000 after purchasing an additional 645,371 shares in the last quarter. Institutional investors and hedge funds own 35.99% of the company’s stock.

About BlackRock MuniYield Quality Fund (Get Rating)

BlackRock MuniYield Quality Fund, Inc is a close 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 in long-term municipal obligations the interest on which is exempt from federal income taxes. The fund also invests in short-term securities.

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