BlackRock MuniYield Quality Fund Announces Monthly Dividend Payout

November 14, 2024 07:07 AM AEDT | By Team Kalkine Media

BlackRock MuniYield Quality Fund Announces Monthly Dividend Payout — Image source: Shutterstock

Headlines

BlackRock MuniYield Quality Fund announces monthly dividend payment.
Record date for dividend payment set for November 15th.
Stock shows slight movement with ongoing price activity.

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) has announced its upcoming monthly dividend payment. Shareholders on record as of November 15th will receive a dividend payout on December 2nd. The monthly dividend payment stands at $0.06 per share, amounting to an annualized dividend of approximately $0.70.

The dividend yield based on the recent stock price stands at 5.58%, offering investors a steady source of income from their holdings. The ex-dividend date is set for November 15th, meaning investors need to own shares before this date to be eligible for the upcoming dividend payment.

As of the latest trading session, MQY stock saw a modest increase of $0.04, reaching a price of $12.48. The average trading volume remains around 150,000 shares, indicating a relatively stable trading activity. The 50-day moving average of the stock is $12.86, with the 200-day moving average at $12.47, suggesting that the stock's current price is consistent with its longer-term trends.

The stock has experienced fluctuations over the past year, with a 12-month low of $10.58 and a high of $13.29. Despite this, the BlackRock MuniYield Quality Fund continues to maintain a strong presence in the market, driven by its consistent dividend payouts and the potential for long-term stability in municipal bond investments.

This fund provides income-seeking investors with a reliable option, with the added benefit of exposure to the tax-exempt bond market. The upcoming dividend payment reflects BlackRock's ongoing commitment to delivering value to its shareholders.

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