Blackrock Muniyield Fund Inc. (NYSE:MYD) declared a monthly dividend on Wednesday, June 5th, Wall Street Journal reports. Investors of record on Friday, June 14th will be paid a dividend of 0.059 per share by the financial services provider on Monday, July 1st. This represents a $0.71 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date of this dividend is Thursday, June 13th.
Blackrock Muniyield Fund has decreased its dividend by an average of 4.3% annually over the last three years.
NYSE MYD traded down $0.03 during trading hours on Wednesday, reaching $14.38. 10,540 shares of the company’s stock traded hands, compared to its average volume of 95,207. Blackrock Muniyield Fund has a 52-week low of $12.29 and a 52-week high of $14.55.
BlackRock MuniYield Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in fixed income markets. The fund primarily in long-term investment-grade municipal bonds with a maturity of more than ten years. It is exempt from federal income taxes.
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