MIY Stock Overview
BlackRock MuniYield Michigan Quality Fund, Inc.
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 1/6 |
| Dividends | 2/6 |
My Notes
Capture your thoughts, links and company narrative
BlackRock MuniYield Michigan Quality Fund, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$11.03 |
| 52 Week High | US$13.90 |
| 52 Week Low | US$10.56 |
| Beta | 0.27 |
| 1 Month Change | -2.99% |
| 3 Month Change | -0.54% |
| 1 Year Change | -15.58% |
| 3 Year Change | -11.90% |
| 5 Year Change | -16.94% |
| Change since IPO | -27.07% |
Recent News & Updates
BlackRock MuniYield Michigan Quality Fund declares $0.0405 dividend
Feb 03BlackRock MuniYield Michigan Quality Fund cut monthly dividend by -8% to $0.0405 /share
Dec 09BlackRock MuniYield Michigan Quality Fund declares $0.044 dividend
Nov 07BlackRock MuniYield Michigan Quality Fund declines dividend by 21.4% to $0.044
Oct 06BlackRock MuniYield Michigan Quality Fund declares $0.056 dividend
Aug 02BlackRock MuniYield Michigan Quality Fund declares $0.056 dividend
Jul 05Recent updates
BlackRock MuniYield Michigan Quality Fund declares $0.0405 dividend
Feb 03BlackRock MuniYield Michigan Quality Fund cut monthly dividend by -8% to $0.0405 /share
Dec 09BlackRock MuniYield Michigan Quality Fund declares $0.044 dividend
Nov 07BlackRock MuniYield Michigan Quality Fund declines dividend by 21.4% to $0.044
Oct 06BlackRock MuniYield Michigan Quality Fund declares $0.056 dividend
Aug 02BlackRock MuniYield Michigan Quality Fund declares $0.056 dividend
Jul 05BlackRock MuniYield Michigan Quality Fund declares $0.056 dividend
May 07BlackRock MuniYield Michigan Quality Fund declares $0.056 dividend
Feb 04BlackRock MuniYield Michigan Quality Fund declares $0.056 dividend
Jan 05BlackRock MuniYield Michigan Quality Fund declares $0.056 dividend
Dec 04BlackRock MuniYield Michigan Quality Fund declares $0.056 dividend
Nov 03Shareholder Returns
| MIY | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | -0.2% | 2.9% | 2.9% |
| 1Y | -15.6% | -15.4% | -11.6% |
Return vs Industry: MIY exceeded the US Capital Markets industry which returned -17.9% over the past year.
Return vs Market: MIY underperformed the US Market which returned -12.8% over the past year.
Price Volatility
| MIY volatility | |
|---|---|
| MIY Average Weekly Movement | 1.7% |
| Capital Markets Industry Average Movement | 0.6% |
| Market Average Movement | 6.5% |
| 10% most volatile stocks in US Market | 16.6% |
| 10% least volatile stocks in US Market | 2.9% |
Stable Share Price: MIY is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: MIY's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1992 | n/a | n/a | https://www.blackrock.com/investing/products/240264/blackrock-muniyield-michigan-insured-fund-inc-usd-fund |
BlackRock MuniYield Michigan Quality Fund, Inc. is a closed-ended fixed income mutual fund launched by BlackRock, Inc. It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade, long-term municipal obligations exempt from federal income taxes and Michigan income taxes.
BlackRock MuniYield Michigan Quality Fund, Inc. Fundamentals Summary
| MIY fundamental statistics | |
|---|---|
| Market Cap | US$325.49m |
| Earnings (TTM) | -US$53.51m |
| Revenue (TTM) | US$25.11m |
13.0x
P/S Ratio-6.1x
P/E RatioIs MIY overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MIY income statement (TTM) | |
|---|---|
| Revenue | US$25.11m |
| Cost of Revenue | US$0 |
| Gross Profit | US$25.11m |
| Other Expenses | US$78.62m |
| Earnings | -US$53.51m |
Last Reported Earnings
Jul 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | -1.81 |
| Gross Margin | 100.00% |
| Net Profit Margin | -213.08% |
| Debt/Equity Ratio | 68.2% |
How did MIY perform over the long term?
See historical performance and comparison