MIY (Blackrock Muniyield Michigan Quality Fund) Dividend Payout Ratio: 0.32 (As of Jan. 2026) — 59% Below Median

What is Blackrock Muniyield Michigan Quality Fund Dividend Payout Ratio?

Blackrock Muniyield Michigan Quality Fund MIY 31 Dividend Payout Ratio is 0.32 as of Jan. 2026, which is 59% below its 10-year median of 0.79. GuruFocus rates MIY with a GF Score™ of 31/100. The stock has 3 warning signs investors should review. Among 931 Asset Management companies, Blackrock Muniyield Michigan Quality Fund ranks worse than 83.78% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Blackrock Muniyield Michigan Quality Fund's Dividend Payout Ratio for the months ended in Jan. 2026 was 0.32.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Blackrock Muniyield Michigan Quality Fund Inc is 1.87, which seems too high.

The historical rank and industry rank for Blackrock Muniyield Michigan Quality Fund's Dividend Payout Ratio or its related term are showing as below:

MIY' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.48 Med: 0.79 Max: 2.57
Current: 1.87

During the past 12 years, the highest Dividend Payout Ratio of Blackrock Muniyield Michigan Quality Fund was 2.57. The lowest was 0.48. And the median was 0.79.

MIY's Dividend Payout Ratio is ranked worse than
83.78% of 931 companies
in the Asset Management industry
Industry Median: 0.7 vs MIY: 1.87

As of today (2026-06-29), the Dividend Yield % of Blackrock Muniyield Michigan Quality Fund is 5.36%.

During the past 12 years, the highest Trailing Annual Dividend Yield of Blackrock Muniyield Michigan Quality Fund was 6.32%. The lowest was 3.76%. And the median was 4.96%.

Blackrock Muniyield Michigan Quality Fund's Dividends per Share for the months ended in Jan. 2026 was $0.33.

During the past 12 months, Blackrock Muniyield Michigan Quality Fund's average Dividends Per Share Growth Rate was 9.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -1.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -1.90% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -3.60% per year.

During the past 12 years, the highest 3-Year average Dividends Per Share Growth Rate of Blackrock Muniyield Michigan Quality Fund was 2.80% per year. The lowest was -8.20% per year. And the median was -4.90% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Blackrock Muniyield Michigan Quality Fund (NYSE:MIY) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Blackrock Muniyield Michigan Quality Fund Dividend Payout Ratio Related Terms

Blackrock Muniyield Michigan Quality Fund Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Blackrock Muniyield Michigan Quality Fund's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Blackrock Muniyield Michigan Quality Fund Dividend Payout Ratio Chart

Blackrock Muniyield Michigan Quality Fund Annual Data

Trend

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Jul25

Dividend Payout Ratio

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0.81

0.00

0.80

0.00

Blackrock Muniyield Michigan Quality Fund Semi-Annual Data
	Jul15	Jul16	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24	Jan25	Jul25	Jan26
Dividend Payout Ratio	Get a 7-Day Free Trial															0.53	1.47	0.00	0.00	0.32

MIY vs HIX, JGH, SCD: Dividend Payout Ratio Comparison

For the Asset Management subindustry, Blackrock Muniyield Michigan Quality Fund's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Blackrock Muniyield Michigan Quality Fund Dividend Payout Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Blackrock Muniyield Michigan Quality Fund's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Blackrock Muniyield Michigan Quality Fund's Dividend Payout Ratio falls into.

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Blackrock Muniyield Michigan Quality Fund Inc MIY

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Blackrock Muniyield Michigan Quality Fund Dividend Payout Ratio Calculation

Blackrock Muniyield Michigan Quality Fund's Dividend Payout Ratio for the fiscal year that ended in Jul. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Jul. 2025 )	/	EPS without NRI (A: Jul. 2025 )
	=	0.646	/	-0.703
	=	N/A

Blackrock Muniyield Michigan Quality Fund's Dividend Payout Ratio for the quarter that ended in Jan. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Jan. 2026 )	/	EPS without NRI (Q: Jan. 2026 )
	=	0.327	/	1.024
	=	0.32

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.32 mean?

Blackrock Muniyield Michigan Quality Fund (MIY) has a Dividend Payout Ratio of 0.32 as of Jan. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Blackrock Muniyield Michigan Quality Fund and its competitors. This is 59% below median its historical median of 0.79. Over the past decade, Blackrock Muniyield Michigan Quality Fund's Dividend Payout Ratio has ranged from 0.48 to 2.57. According to the industry distribution chart, Blackrock Muniyield Michigan Quality Fund ranks #780 out of 931 companies in the Asset Management industry, placing it in the top 83.8%.

Is Blackrock Muniyield Michigan Quality Fund's Dividend Payout Ratio too high?

Blackrock Muniyield Michigan Quality Fund's current Dividend Payout Ratio of 0.32 is 59% below median its 10-year median of 0.79. Over the past 10 years, this metric has ranged from a low of 0.48 to a high of 2.57. The Asset Management industry median Dividend Payout Ratio is 0.70. Blackrock Muniyield Michigan Quality Fund's value of 0.32 is 54.3% below this industry median. Based on the distribution chart, Blackrock Muniyield Michigan Quality Fund ranks #780 out of 931 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Blackrock Muniyield Michigan Quality Fund has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.

How does Blackrock Muniyield Michigan Quality Fund's Dividend Payout Ratio compare to HIX and JGH?

According to the Asset Management industry distribution chart, Blackrock Muniyield Michigan Quality Fund ranks #780 out of 931 companies for Dividend Payout Ratio. This places Blackrock Muniyield Michigan Quality Fund in the lower half of its industry. The industry median Dividend Payout Ratio is 0.70. Blackrock Muniyield Michigan Quality Fund's value of 0.32 is 54.3% below this benchmark. Historically, Blackrock Muniyield Michigan Quality Fund's own Dividend Payout Ratio has ranged from 0.48 to 2.57 over the past decade. While the company's 10-year median is 0.79 vs. the industry median of 0.70, Blackrock Muniyield Michigan Quality Fund has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for an Asset Management company?

The median Dividend Payout Ratio among Asset Management companies is 0.70, based on 931 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Blackrock Muniyield Michigan Quality Fund's current Dividend Payout Ratio of 0.32 is 54.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Blackrock Muniyield Michigan Quality Fund and its competitors. For the Asset Management industry, the median Dividend Payout Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Blackrock Muniyield Michigan Quality Fund's current Dividend Payout Ratio is 0.32, which is 59% below median its own 10-year median of 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Blackrock Muniyield Michigan Quality Fund stock overvalued right now?

Blackrock Muniyield Michigan Quality Fund (MIY) has a current Dividend Payout Ratio of 0.32. The current Dividend Payout Ratio is 0.32, which is 59% below median its 10-year median of 0.79 and 54.3% below the Asset Management industry median of 0.70. Blackrock Muniyield Michigan Quality Fund's overall GF Score™ is 31/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Blackrock Muniyield Michigan Quality Fund (MIY), the current Dividend Payout Ratio is 0.32 as of Jan. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Blackrock Muniyield Michigan Quality Fund Business Description

Industry Financial Services Asset Management

Comparable Companies HIX JGH SCD JRI MCI BKT KTF SAR CAF HIO BLK BX OSTO:INVE A TSX:BN KKR TSX:BAM APO STT AMP LSE:III

Address 100 Bellevue Parkway, Wilmington, DE, USA, 19809

Website https://www.blackrock.com

Blackrock Muniyield Michigan Quality Fund Inc is a closed end fund. Its investment objective is to provide shareholders with as high a level of current income exempt from U.S. federal income taxes and New York State and New York City personal income taxes as is consistent with its investment policies and prudent investment management.

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