BlackRock MuniYield Michigan Quality Fund Dividend
Dividend criteria checks 2/6
BlackRock MuniYield Michigan Quality Fund is a dividend paying company with a current yield of 3.71%. Next payment date is on 29th December, 2023 with an ex-dividend date of 14th December, 2023.
Key information
3.7%
Dividend yield
-332%
Payout ratio
| Industry average yield | 2.6% |
| Next dividend pay date | 29 Dec 23 |
| Ex dividend date | 14 Dec 23 |
| Dividend per share | n/a |
| Earnings per share | -US$0.15 |
| Dividend yield forecast in 3Y | n/a |
Recent dividend updates
No updates
Recent 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 03Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: MIY's dividend payments have been volatile in the past 10 years.
Growing Dividend: MIY's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| BlackRock MuniYield Michigan Quality Fund Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (MIY) | 3.7% |
| Market Bottom 25% (US) | 1.6% |
| Market Top 25% (US) | 4.8% |
| Industry Average (Capital Markets) | 2.6% |
| Analyst forecast in 3 Years (MIY) | n/a |
Notable Dividend: MIY's dividend (3.71%) is higher than the bottom 25% of dividend payers in the US market (1.57%).
High Dividend: MIY's dividend (3.71%) is low compared to the top 25% of dividend payers in the US market (4.81%).
Earnings Payout to Shareholders
Earnings Coverage: MIY is paying a dividend but the company is unprofitable.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (22.4%), MIY's dividend payments are well covered by cash flows.