| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 2/6 |
| Dividends | 4/6 |
MYJ Stock Overview
BlackRock MuniYield New Jersey Fund, Inc.
BlackRock MuniYield New Jersey Fund Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$13.07 |
| 52 Week High | US$16.45 |
| 52 Week Low | US$12.97 |
| Beta | 0.34 |
| 1 Month Change | -6.84% |
| 3 Month Change | -14.96% |
| 1 Year Change | -12.87% |
| 3 Year Change | -9.24% |
| 5 Year Change | -16.27% |
| Change since IPO | -12.87% |
Recent News & Updates
BlackRock MuniYield New Jersey Fund declares $0.062 dividend
BlackRock MuniYield New Jersey Fund (MYJ) declares $0.062/share monthly dividend, in line with previous.Forward yield 4.72%Payable June 1; for shareholders of record May 14; ex-div May 13.See MYJ Dividend Scorecard, Yield Chart, & Dividend Growth.
BlackRock MuniYield New Jersey Fund declares $0.0625 dividend
BlackRock MuniYield New Jersey Fund (MYJ) declares $0.0625/share monthly dividend, in line with previous.Forward yield 5.15%Payable March 1; for shareholders of record Feb. 16; ex-div Feb. 12.See MYJ Dividend Scorecard, Yield Chart, & Dividend Growth.
BlackRock MuniYield New Jersey Fund declares $0.0625 dividend
BlackRock MuniYield New Jersey Fund (MYJ) declares $0.0625/share monthly dividend, in line with previous.Forward yield 5.24%Payable Feb. 1; for shareholders of record Jan. 15; ex-div Jan. 14.See MYJ Dividend Scorecard, Yield Chart, & Dividend Growth.
Shareholder Returns
| MYJ | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | -3.6% | -10.3% | -10.1% |
| 1Y | -12.9% | -14.6% | -10.8% |
Return vs Industry: MYJ underperformed the US Capital Markets industry which returned 5.5% over the past year.
Return vs Market: MYJ underperformed the US Market which returned 0.6% over the past year.
Price Volatility
| MYJ volatility | |
|---|---|
| MYJ Average Weekly Movement | 2.0% |
| Capital Markets Industry Average Movement | 0.4% |
| Market Average Movement | 7.7% |
| 10% most volatile stocks in US Market | 16.4% |
| 10% least volatile stocks in US Market | 2.8% |
Stable Share Price: MYJ is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: MYJ'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/240210/blackrock-muniyield-new-jersey-fund-inc-usd-fund |
BlackRock MuniYield New Jersey 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 long-term, investment grade quality municipal obligations that are exempt from federal income taxes and New Jersey personal income taxes.
BlackRock MuniYield New Jersey Fund Fundamentals Summary
| MYJ fundamental statistics | |
|---|---|
| Market Cap | US$315.31m |
| Earnings (TTM) | -US$7.12m |
| Revenue (TTM) | US$22.69m |
13.9x
P/S Ratio-44.3x
P/E RatioIs MYJ overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MYJ income statement (TTM) | |
|---|---|
| Revenue | US$22.69m |
| Cost of Revenue | US$0 |
| Gross Profit | US$22.69m |
| Other Expenses | US$29.81m |
| Earnings | -US$7.12m |
Last Reported Earnings
Jan 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.30 |
| Gross Margin | 100.00% |
| Net Profit Margin | -31.40% |
| Debt/Equity Ratio | 63.9% |
How did MYJ perform over the long term?
See historical performance and comparisonDividends
5.7%
Current Dividend Yield-254%
Payout RatioValuation
Is BlackRock MuniYield New Jersey Fund undervalued compared to its fair value and its price relative to the market?
Valuation Score
0/6Valuation Score 0/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
0.85x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: MYJ ($13.07) is trading above our estimate of fair value ($9.82)
Significantly Below Fair Value: MYJ is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MYJ is unprofitable, so we can't compare its PE Ratio to the US Capital Markets industry average.
PE vs Market: MYJ is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MYJ's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MYJ is overvalued based on its PB Ratio (0.9x) compared to the US Capital Markets industry average (-15.2x).
Future Growth
How is BlackRock MuniYield New Jersey Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
10.1%
Forecasted Diversified Financials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as BlackRock MuniYield New Jersey Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Past Performance
How has BlackRock MuniYield New Jersey Fund performed over the past 5 years?
Past Performance Score
0/6Past Performance Score 0/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
18.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MYJ is currently unprofitable.
Growing Profit Margin: MYJ is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MYJ is unprofitable, but has reduced losses over the past 5 years at a rate of 18.2% per year.
Accelerating Growth: Unable to compare MYJ's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MYJ is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (69.9%).
Return on Equity
High ROE: MYJ has a negative Return on Equity (-1.93%), as it is currently unprofitable.
Financial Health
How is BlackRock MuniYield New Jersey Fund's financial position?
Financial Health Score
2/6Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: MYJ's short term assets ($4.8M) do not cover its short term liabilities ($57.9M).
Long Term Liabilities: MYJ's short term assets ($4.8M) do not cover its long term liabilities ($179.7M).
Debt to Equity History and Analysis
Debt Level: MYJ's net debt to equity ratio (63.9%) is considered high.
Reducing Debt: MYJ's debt to equity ratio has reduced from 64.2% to 63.9% over the past 5 years.
Debt Coverage: MYJ's debt is not well covered by operating cash flow (10.9%).
Interest Coverage: MYJ's interest payments on its debt are well covered by EBIT (12.8x coverage).
Balance Sheet
Dividend
What is BlackRock MuniYield New Jersey Fund current dividend yield, its reliability and sustainability?
Dividend Score
3/6Dividend Score 3/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
5.74%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MYJ's dividend (5.74%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: MYJ's dividend (5.74%) is in the top 25% of dividend payers in the US market (3.75%)
Stability and Growth of Payments
Stable Dividend: MYJ's dividends per share have been stable in the past 10 years.
Growing Dividend: MYJ's dividend payments have fallen over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: MYJ is paying a dividend but the company is unprofitable.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (70.6%), MYJ's dividend payments are covered by cash flows.
Management
How experienced are the management team and are they aligned to shareholders interests?
15.3yrs
Average board tenure
CEO
BlackRock MuniYield New Jersey Fund has no CEO, or we have no data on them.
Board Members
Experienced Board: MYJ's board of directors are seasoned and experienced ( 15.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
BlackRock MuniYield New Jersey Fund, Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: BlackRock MuniYield New Jersey Fund, Inc.
- Ticker: MYJ
- Exchange: NYSE
- Founded: 1992
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: US$315.306m
- Shares outstanding: 24.12m
- Website: https://www.blackrock.com/investing/products/240210/blackrock-muniyield-new-jersey-fund-inc-usd-fund
Location
- BlackRock MuniYield New Jersey Fund, Inc.
- 100 Bellevue Parkway
- Wilmington
- Delaware
- 19809
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/04/11 00:00 |
| End of Day Share Price | 2022/04/08 00:00 |
| Earnings | 2022/01/31 |
| Annual Earnings | 2021/07/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.