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BLACKROCK MUNIYIELD QUALITY FUND III, Shares Outstanding (Diluted Average)

: 69.41 Mil (As of Jul. 2020)
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Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. BLACKROCK MUNIYIELD QUALITY FUND III,'s average diluted shares outstanding for the quarter that ended in Jul. 2020 was 69.41 Mil.


BLACKROCK MUNIYIELD QUALITY FUND III, Shares Outstanding (Diluted Average) Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

BLACKROCK MUNIYIELD QUALITY FUND III, Annual Data
Jul17 Jul18 Jul19 Jul20
Shares Outstanding (Diluted Average) 71.15 68.72 68.16 68.73

BLACKROCK MUNIYIELD QUALITY FUND III, Semi-Annual Data
Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20
Shares Outstanding (Diluted Average) Premium Member Only Premium Member Only 68.15 68.90 68.15 68.05 69.41

BLACKROCK MUNIYIELD QUALITY FUND III, Shares Outstanding (Diluted Average) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.


BLACKROCK MUNIYIELD QUALITY FUND III,  (NYSE:MYI) Shares Outstanding (Diluted Average) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

If a company buys back shares, we should also observe negative number for Net Issuance of Stock in its cash flow statement. If a company issues shares, we will observe positive number of Net Issuance of Stock.


Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.


BLACKROCK MUNIYIELD QUALITY FUND III, Shares Outstanding (Diluted Average) Related Terms


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