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Blackrock Muniyield Michigan Quality Fund (Blackrock Muniyield Michigan Quality Fund) Dividend Yield % : 4.28% (As of Apr. 24, 2024)


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What is Blackrock Muniyield Michigan Quality Fund Dividend Yield %?

As of today (2024-04-24), the Trailing Annual Dividend Yield of Blackrock Muniyield Michigan Quality Fund is 4.28%.

Warning Sign:

Blackrock Muniyield Michigan Quality Fund Inc stock dividend yield is close to 2-year low.

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

MIY' s Dividend Yield % Range Over the Past 10 Years
Min: 3.76   Med: 5.19   Max: 7.1
Current: 4.28

During the past 7 years, the highest Dividend Yield of Blackrock Muniyield Michigan Quality Fund was 7.10%. The lowest was 3.76%. And the median was 5.19%.

MIY's Dividend Yield % is ranked worse than
65.19% of 1215 companies
in the Asset Management industry
Industry Median: 5.66 vs MIY: 4.28

Blackrock Muniyield Michigan Quality Fund's Dividend Payout Ratio for the six months ended in Jan. 2024 was 0.53.

During the past 7 years, the highest Dividend Payout Ratio of Blackrock Muniyield Michigan Quality Fund was 2.57. The lowest was 0.45. And the median was 0.77.

As of today (2024-04-24), the Forward Dividend Yield % of Blackrock Muniyield Michigan Quality Fund is 5.02%.

Blackrock Muniyield Michigan Quality Fund's Dividends per Share for the six months ended in Jan. 2024 was $0.24.

During the past 12 months, Blackrock Muniyield Michigan Quality Fund's average Dividends Per Share Growth Rate was -24.30% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 2.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -2.40% per year.

During the past 7 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 -11.50% per year. And the median was -4.80% per year.

The growth rate is calculated with least square regression.

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


Blackrock Muniyield Michigan Quality Fund Dividend Yield % Historical Data

The historical data trend for Blackrock Muniyield Michigan Quality Fund's Dividend Yield % 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.

* Premium members only.

Blackrock Muniyield Michigan Quality Fund Dividend Yield % Chart

Blackrock Muniyield Michigan Quality Fund Annual Data
Trend Jul14 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22
Dividend Yield %
Get a 7-Day Free Trial 4.12 4.36 4.16 4.19 4.92

Blackrock Muniyield Michigan Quality Fund Semi-Annual Data
Jul14 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jan24
Dividend Yield % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.19 4.69 4.92 5.22 3.91

Competitive Comparison of Blackrock Muniyield Michigan Quality Fund's Dividend Yield %

For the Asset Management subindustry, Blackrock Muniyield Michigan Quality Fund's Dividend Yield %, along with its competitors' market caps and Dividend Yield % 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's Dividend Yield % Distribution in the Asset Management Industry

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

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



Blackrock Muniyield Michigan Quality Fund Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

Blackrock Muniyield Michigan Quality Fund Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.0472024-04-122024-04-152024-05-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.0472024-03-142024-03-152024-04-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.0472024-02-142024-02-152024-03-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.0472024-01-112024-01-122024-02-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.0472023-12-142023-12-152023-12-29Cash DividendmonthlyUSD:USD 1.000000
USD 0.0352023-11-142023-11-152023-12-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.0352023-10-132023-10-162023-11-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.0352023-09-142023-09-152023-10-02Cash DividendmonthlyUSD:USD 1.000000
USD 0.0352023-08-142023-08-152023-09-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.0352023-07-132023-07-142023-07-31Cash DividendmonthlyUSD:USD 1.000000
USD 0.0352023-06-142023-06-152023-07-03Cash DividendmonthlyUSD:USD 1.000000
USD 0.0352023-05-122023-05-152023-06-01Cash DividendmonthlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Blackrock Muniyield Michigan Quality Fund's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=0.48/11.06
=4.34 %

Current Share Price is $11.06.
Blackrock Muniyield Michigan Quality Fund's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.48.

Blackrock Muniyield Michigan Quality Fund's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=0.564/11.06
=5.10 %

Current Share Price is $11.06.
Blackrock Muniyield Michigan Quality Fund's Dividends per Share for the forward twelve months is calculated as $0.047 * 12 = $0.564.

* 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  (NYSE:MIY) Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

In dividends investing, 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.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


Blackrock Muniyield Michigan Quality Fund Dividend Yield % Related Terms

Thank you for viewing the detailed overview of Blackrock Muniyield Michigan Quality Fund's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.


Blackrock Muniyield Michigan Quality Fund (Blackrock Muniyield Michigan Quality Fund) Business Description

Traded in Other Exchanges
N/A
Address
100 Bellevue Parkway, Wilmington, DE, USA, 19809
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 federal and Michigan income taxes.
Executives
Arthur Philip Steinmetz director 50 HUDSON YARDS, NEW YORK NY 10001
Aaron David Wasserman officer: Chief Compliance Officer 50 HUDSON YARDS, NEW YORK NY 10001
Kevin Maloney other: Portfolio Manager 55 EAST 52ND STREET, NEW YORK NY 10055
Phillip Soccio other: Portfolio Manager 100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Christian Romaglino other: Portfolio Manager 55 EAST 52ND STREET, NEW YORK NY 10055
Kristi Manidis Santiago other: Portfolio Manager 1 UNIVERSITY SQUARE DRIVE, PRINCETON NJ 08540
Lorenzo Flores director 2100 LOGIC DRIVE, SAN JOSE CA 95124
James Phillip Holloman director P.O. BOX 625737, 6800 CINTAS BOULEVARD, CINCINNATI OH 45262
Stayce D. Harris director 1999 S. BASCOM AVE., SUITE 700, CAMPBELL CA 95008
Trent Walker officer: Chief Financial Officer C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Td Group Us Holdings Llc 10 percent owner 251 LITTLE FALLS DRIVE, WILMINGTON DE 19808
Toronto Dominion Holdings Usa Inc 10 percent owner 40 WALL STREET, NEW YORK NY 10003
Toronto Dominion Investments, Inc. 10 percent owner 909 FANIN, SUITE 1950, HOUSTON TX 77010
Dominion Bank Toronto 10 percent owner 66 WELLINGTON STREET WEST, 12TH FLOOR, TD TOWER, TORONTO, ONTARIO A6 M5K 1A2
Robert W Fairbairn director 55 EAST 52ND STREET, NEW YORK NY 10055

Blackrock Muniyield Michigan Quality Fund (Blackrock Muniyield Michigan Quality Fund) Headlines

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