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MYJ

BlackRock MuniYield New Jersey Fund NYSE:MYJ Stock Report

Last Price

US$13.07

Market Cap

US$315.3m

7D

-3.6%

1Y

-12.9%

Updated

11 Apr, 2022

Data

Company Financials
MYJ fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends4/6

MYJ Stock Overview

BlackRock MuniYield New Jersey Fund, Inc.

BlackRock MuniYield New Jersey Fund Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for BlackRock MuniYield New Jersey Fund
Historical stock prices
Current Share PriceUS$13.07
52 Week HighUS$16.45
52 Week LowUS$12.97
Beta0.34
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

May 07

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.

Feb 04

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.

Jan 05

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

MYJUS Capital MarketsUS 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

Is MYJ's price volatile compared to industry and market?
MYJ volatility
MYJ Average Weekly Movement2.0%
Capital Markets Industry Average Movement0.4%
Market Average Movement7.7%
10% most volatile stocks in US Market16.4%
10% least volatile stocks in US Market2.8%

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

FoundedEmployeesCEOWebsite
1992n/an/ahttps://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

How do BlackRock MuniYield New Jersey Fund's earnings and revenue compare to its market cap?
MYJ fundamental statistics
Market CapUS$315.31m
Earnings (TTM)-US$7.12m
Revenue (TTM)US$22.69m

13.9x

P/S Ratio

-44.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MYJ income statement (TTM)
RevenueUS$22.69m
Cost of RevenueUS$0
Gross ProfitUS$22.69m
Other ExpensesUS$29.81m
Earnings-US$7.12m

Last Reported Earnings

Jan 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.30
Gross Margin100.00%
Net Profit Margin-31.40%
Debt/Equity Ratio63.9%

How did MYJ perform over the long term?

See historical performance and comparison

Dividends

5.7%

Current Dividend Yield

-254%

Payout Ratio

Valuation

Is BlackRock MuniYield New Jersey Fund undervalued compared to its fair value and its price relative to the market?

Valuation Score

0/6

Valuation 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

0/6

Future 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

0/6

Past 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

2/6

Financial 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

3/6

Dividend 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


Location

  • BlackRock MuniYield New Jersey Fund, Inc.
  • 100 Bellevue Parkway
  • Wilmington
  • Delaware
  • 19809
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/04/11 00:00
End of Day Share Price2022/04/08 00:00
Earnings2022/01/31
Annual Earnings2021/07/31


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.