Loading...

BlackRock MuniYield Arizona Fund

NYSE:MZA
Snowflake Description

Second-rate dividend payer with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MZA
NYSE
$63M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

BlackRock MuniYield Arizona Fund, Inc. is a closed ended fixed income mutual fund launched by BlackRock, Inc. The last earnings update was 165 days ago. More info.


Add to Portfolio Compare Print
  • BlackRock MuniYield Arizona Fund is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
MZA Share Price and Events
7 Day Returns
-0.3%
NYSE:MZA
2.6%
US Capital Markets
2.4%
US Market
1 Year Returns
-14.7%
NYSE:MZA
-12.6%
US Capital Markets
1.9%
US Market
MZA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
BlackRock MuniYield Arizona Fund (MZA) -0.3% 3.7% 10.9% -14.7% -20.7% -2.8%
US Capital Markets 2.6% -0% 10.2% -12.6% 54.7% 55.6%
US Market 2.4% 1.7% 11.9% 1.9% 38.2% 42.4%
1 Year Return vs Industry and Market
  • MZA underperformed the Capital Markets industry which returned -12.6% over the past year.
  • MZA underperformed the Market in United States of America which returned 1.9% over the past year.

MZA Value

 Is BlackRock MuniYield Arizona Fund undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of BlackRock MuniYield Arizona Fund to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for BlackRock MuniYield Arizona Fund.

NYSE:MZA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $14.56 * 4.4%
$0.64
Book Value of Equity per Share Median Book Value from the past 5 years. $14.56
Discount Rate (Cost of Equity) See below 9.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:MZA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.726 (1 + (1- 21%) (63.59%))
1.061
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.061 * 5.96%)
9.05%

Discounted Cash Flow Calculation for NYSE:MZA using Excess Returns Model Model

The calculations below outline how an intrinsic value for BlackRock MuniYield Arizona Fund is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NYSE:MZA Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (4.4% – 9.05%) * $14.56)
$-0.68
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.68 / (9.05% - 2.73%)
$-10.70
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $14.56 + $-10.70
$3.87
NYSE:MZA Discount to Share Price
Calculation Result
Value per share (USD) From above. $3.87
Current discount Discount to share price of $13.65
= -1 x ($13.65 - $3.87) / $3.87
-253%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of BlackRock MuniYield Arizona Fund is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for BlackRock MuniYield Arizona Fund's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are BlackRock MuniYield Arizona Fund's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:MZA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-07-31) in USD $0.19
NYSE:MZA Share Price ** NYSE (2019-03-18) in USD $13.65
United States of America Capital Markets Industry PE Ratio Median Figure of 76 Publicly-Listed Capital Markets Companies 24.89x
United States of America Market PE Ratio Median Figure of 3,055 Publicly-Listed Companies 17.61x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of BlackRock MuniYield Arizona Fund.

NYSE:MZA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:MZA Share Price ÷ EPS (both in USD)

= 13.65 ÷ 0.19

73.14x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BlackRock MuniYield Arizona Fund is overvalued based on earnings compared to the US Capital Markets industry average.
  • BlackRock MuniYield Arizona Fund is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does BlackRock MuniYield Arizona Fund's expected growth come at a high price?
Raw Data
NYSE:MZA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 73.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 33 Publicly-Listed Capital Markets Companies 2.2x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for BlackRock MuniYield Arizona Fund, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on BlackRock MuniYield Arizona Fund's assets?
Raw Data
NYSE:MZA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-07-31) in USD $14.06
NYSE:MZA Share Price * NYSE (2019-03-18) in USD $13.65
United States of America Capital Markets Industry PB Ratio Median Figure of 149 Publicly-Listed Capital Markets Companies 4.76x
United States of America Market PB Ratio Median Figure of 5,152 Publicly-Listed Companies 1.87x
NYSE:MZA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:MZA Share Price ÷ Book Value per Share (both in USD)

= 13.65 ÷ 14.06

0.97x

* Primary Listing of BlackRock MuniYield Arizona Fund.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BlackRock MuniYield Arizona Fund is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess BlackRock MuniYield Arizona Fund's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. BlackRock MuniYield Arizona Fund has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MZA Future Performance

 How is BlackRock MuniYield Arizona Fund expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Arizona 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.4%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is BlackRock MuniYield Arizona Fund expected to grow at an attractive rate?
  • Unable to compare BlackRock MuniYield Arizona Fund's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare BlackRock MuniYield Arizona Fund's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare BlackRock MuniYield Arizona Fund's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NYSE:MZA Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 6.4%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:MZA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:MZA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-07-31 5 3 1
2018-04-30 5 3 2
2018-01-31 5 3 3
2017-10-31 5 3 1
2017-07-31 5 3 -1
2017-04-30 5 3 0
2017-01-31 5 4 0
2016-10-31 5 4 4
2016-07-31 5 4 7
2016-04-30 5 4 5
2016-01-31 5 4 3
2015-10-31 5 4 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if BlackRock MuniYield Arizona Fund is high growth as no earnings estimate data is available.
  • Unable to determine if BlackRock MuniYield Arizona Fund is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:MZA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from BlackRock MuniYield Arizona Fund Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:MZA Past Financials Data
Date (Data in USD Millions) EPS *
2018-07-31 0.19
2018-04-30 0.41
2018-01-31 0.64
2017-10-31 0.26
2017-07-31 -0.11
2017-04-30 -0.04
2017-01-31 0.03
2016-10-31 0.77
2016-07-31 1.52
2016-04-30 1.10
2016-01-31 0.67
2015-10-31 0.85

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if BlackRock MuniYield Arizona Fund will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess BlackRock MuniYield Arizona Fund's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
BlackRock MuniYield Arizona Fund has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MZA Past Performance

  How has BlackRock MuniYield Arizona Fund performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare BlackRock MuniYield Arizona Fund's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • BlackRock MuniYield Arizona Fund's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • BlackRock MuniYield Arizona Fund has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • BlackRock MuniYield Arizona Fund has become profitable in the last year making it difficult to compare the US Capital Markets industry average.
Earnings and Revenue History
BlackRock MuniYield Arizona Fund's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from BlackRock MuniYield Arizona Fund Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:MZA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-07-31 4.57 0.86 0.70
2018-04-30 4.60 1.92 0.69
2018-01-31 4.64 2.97 0.69
2017-10-31 4.66 1.22 0.69
2017-07-31 4.69 -0.53 0.70
2017-04-30 4.69 -0.20 0.70
2017-01-31 4.70 0.12 0.71
2016-10-31 4.70 3.56 0.71
2016-07-31 4.70 7.00 0.71
2016-04-30 4.73 5.05 0.71
2016-01-31 4.76 3.11 0.70
2015-10-31 4.77 3.91 0.71
2015-07-31 4.79 4.72 0.71
2015-04-30 4.79 7.22 0.71
2015-01-31 4.80 9.71 0.70
2014-10-31 4.80 8.94 0.69
2014-07-31 4.80 8.17 0.67
2014-04-30 4.82 2.97 0.68
2014-01-31 4.85 -2.23 0.69
2013-10-31 4.89 -2.76 0.70
2013-07-31 4.94 -3.28 0.70
2013-04-30 4.95 1.23 0.78
2013-01-31 4.97 5.74 0.86
2012-10-31 4.97 8.73 0.95
2012-07-31 4.97 11.73 1.04
2012-04-30 4.96 13.21 1.03

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • BlackRock MuniYield Arizona Fund has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • BlackRock MuniYield Arizona Fund used its assets less efficiently than the US Capital Markets industry average last year based on Return on Assets.
  • BlackRock MuniYield Arizona Fund's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess BlackRock MuniYield Arizona Fund's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
BlackRock MuniYield Arizona Fund has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MZA Health

 How is BlackRock MuniYield Arizona Fund's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up BlackRock MuniYield Arizona Fund's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • BlackRock MuniYield Arizona Fund's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • BlackRock MuniYield Arizona Fund's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of BlackRock MuniYield Arizona Fund's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from BlackRock MuniYield Arizona Fund Company Filings, last reported 7 months ago.

NYSE:MZA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-07-31 65.15 40.21
2018-04-30 65.15 40.21
2018-01-31 65.86 40.20
2017-10-31 65.86 40.20
2017-07-31 67.35 40.20
2017-04-30 67.35 40.20
2017-01-31 66.15 40.19
2016-10-31 66.15 40.19
2016-07-31 71.13 40.14
2016-04-30 71.13 40.14
2016-01-31 69.42 40.63
2015-10-31 69.42 40.63
2015-07-31 67.71 40.63
2015-04-30 67.71 40.63
2015-01-31 69.94 40.63
2014-10-31 69.94 40.63
2014-07-31 66.61 40.63
2014-04-30 66.61 40.63
2014-01-31 63.86 40.63
2013-10-31 63.86 40.63
2013-07-31 62.17 40.63
2013-04-30 62.17 40.63
2013-01-31 69.84 40.66
2012-10-31 69.84 40.66
2012-07-31 69.07 40.63
2012-04-30 69.07 40.63
  • BlackRock MuniYield Arizona Fund's level of debt (61.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (65.3% vs 61.7% today).
  • Debt is not well covered by operating cash flow (7.7%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.8x coverage).
X
Financial health checks
We assess BlackRock MuniYield Arizona Fund's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. BlackRock MuniYield Arizona Fund has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MZA Dividends

 What is BlackRock MuniYield Arizona Fund's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.13%
Current annual income from BlackRock MuniYield Arizona Fund dividends.
If you bought $2,000 of BlackRock MuniYield Arizona Fund shares you are expected to receive $83 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • BlackRock MuniYield Arizona Fund's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • BlackRock MuniYield Arizona Fund's dividend is above the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:MZA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:MZA Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-01 0.564 4.139
2019-02-01 0.564 4.265
2019-01-02 0.564 4.374
2018-12-03 0.564 4.532
2018-11-01 0.624 5.045
2018-10-01 0.624 5.116
2018-09-04 0.624 4.673
2018-08-01 0.624 4.422
2018-07-02 0.624 4.232
2018-06-01 0.624 4.139
2018-05-01 0.624 4.164
2018-04-02 0.624 4.162
2018-03-01 0.624 3.920
2018-02-01 0.744 4.599
2018-01-02 0.744 4.399
2017-12-01 0.744 4.719
2017-11-01 0.744 4.885
2017-10-02 0.744 4.893
2017-09-01 0.744 4.867
2017-08-01 0.744 4.641
2017-07-03 0.744 4.549
2017-06-01 0.744 4.867
2017-04-04 0.744 5.001
2017-02-01 0.744 5.038
2017-01-03 0.744 5.033
2016-12-01 0.744 5.260
2016-11-01 0.744 5.081
2016-10-03 0.744 4.663
2016-09-01 0.744 4.323
2016-08-01 0.744 4.179
2016-07-01 0.744 4.163
2016-06-01 0.744 4.232
2016-05-02 0.834 4.764
2016-04-01 0.834 4.825
2016-03-01 0.834 4.866
2016-02-01 0.834 5.005
2016-01-05 0.834 5.088
2015-12-01 0.834 4.988
2015-11-02 0.834 4.851
2015-10-01 0.834 4.901
2015-09-01 0.834 4.907
2015-08-03 0.834 4.864
2015-07-01 0.834 4.896
2015-06-01 0.834 5.205
2015-05-01 0.834 4.993
2015-04-02 0.834 4.908
2015-03-03 0.834 5.083
2015-02-02 0.834 5.063
2015-01-02 0.834 5.039
2014-11-03 0.834 5.258
2014-10-01 0.834 5.399
2014-09-02 0.834 5.567
2014-08-01 0.834 5.670
2014-07-01 0.834 5.673
2014-06-02 0.834 5.644
2014-05-01 0.834 5.498
2014-04-01 0.834 5.715
2014-03-03 0.834 5.870
2014-02-03 0.834 5.949
2014-01-02 0.834 6.205
2013-12-02 0.834 6.468
2013-11-01 0.834 6.443
2013-10-01 0.834 6.383
2013-09-03 0.834 6.414
2013-08-01 0.834 6.366
2013-07-01 0.834 6.271
2013-06-03 0.834 6.148
2013-05-01 0.834 5.482
2013-04-01 0.834 5.408
2013-03-01 0.834 5.346
2013-02-01 0.834 5.128
2013-01-02 0.834 5.178
2012-12-05 0.834 5.368
2012-11-01 0.834 5.209
2012-10-01 0.834 5.313
2012-09-04 0.834 5.381
2012-08-01 0.834 5.427
2012-07-02 0.834 5.297
2012-06-01 0.834 5.564
2012-05-01 0.834 5.673
2012-04-02 0.834 5.745
2012-03-01 0.834 5.862
2012-02-01 0.834 5.792
2012-01-03 0.834 5.821
2011-12-05 0.834 5.977
2011-11-02 0.834 6.192
2011-10-03 0.834 6.398
2011-09-01 0.834 6.555
2011-08-01 0.834 6.541
2011-07-01 0.834 6.440
2011-06-01 0.834 6.591
2011-05-02 0.834 6.640
2011-04-01 0.834 6.669
2011-03-01 0.834 6.960
2011-02-02 0.834 6.940
2011-01-03 0.834 6.764
2010-12-07 0.834 6.768
2010-11-01 0.834 6.283
2010-10-04 0.834 5.943
2010-09-02 0.834 5.924
2010-08-02 0.834 5.969
2010-07-01 0.834 6.107
2010-06-02 0.834 6.267
2010-05-03 0.834 6.289
2010-04-01 0.834 6.287
2010-03-01 0.834 6.331
2010-02-01 0.804 6.166
2010-01-04 0.804 6.342
2009-12-07 0.804 6.341
2009-11-02 0.804 6.093
2009-10-01 0.804 6.031
2009-09-01 0.804 6.043
2009-08-03 0.804 6.350
2009-07-02 0.804 6.311
2009-06-01 0.804 6.569
2009-05-01 0.684 6.030
2009-04-01 0.684 6.418
2009-03-19 0.684 7.210

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of BlackRock MuniYield Arizona Fund's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess BlackRock MuniYield Arizona Fund's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can BlackRock MuniYield Arizona Fund afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. BlackRock MuniYield Arizona Fund has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MZA Management

 What is the CEO of BlackRock MuniYield Arizona Fund's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John Perlowski
AGE 54
CEO Bio

Mr. John M. Perlowski, CPA served the Chief Executive Officer, President and Chief Financial Officer of BlackRock Science and Technology Trust. Mr. Perlowski served as the Chief Financial Officer and President of Blackrock Utility & Infrastructure Trust. Mr. Perlowski served as the President and Chief Executive Officer of various funds in BlackRock Fund Complex and also served as its Managing Director. He served as the President at BlackRock Floating Rate Income Strategies Fund, Inc. He served as the Chief Executive Officer and President of Blackrock Real Asset Equity Trust, The BlackRock Pennsylvania Strategic Municipal Trust, BlackRock Dividend Income Trust and BlackRock Income Opportunity Trust, Inc. He served as the Chief Executive Officer at BlackRock MuniYield Investment Fund. He has management responsibility for the Goldman Sachs Asset Management (GSAM) Global Fund Services organization which is composed of the Transfer Agent and Fund Treasury functions. Mr. Perlowski served as Chief Financial Officer of various funds in BlackRock Fund Complex. He served as an Executive Officer of Goldman Sachs Group Inc. He joined Goldman Sachs in July 1995. He served as the Managing Director, Principal Financial Officer, Chief Operating Officer, Senior Vice President, Treasurer and Vice President of various funds in the fund complex of Goldman Sachs Trust. Mr. Perlowski served as Fund Accounting/Custody Manager of Investors Bank and Trust Company. He served as a Manager in the Financial Services Division at Arthur Andersen & Co. until 1993. Mr. Perlowski serves as a Trustee of BlackRock Science and Technology Trust. He serves as a Sole Initial Trustee of Blackrock Utility & Infrastructure Trust. He served as Trustee of various funds in BlackRock Fund Complex. He served as a Director at Goldman Sachs Administration Services Company Limited until October 15, 2009. He served as a Director of Goldman Sachs Global Alpha Fund from May 27, 2004 to October 15, 2009. He served as a Director of Goldman Sachs Offshore Funds from 2002 to 2009. Mr. Perlowski became a Certified Public Accountant in 1988 and holds BBA degree from the University of Notre Dame in 1986.

CEO Compensation
  • Insufficient data for John to compare compensation growth.
  • Insufficient data for John to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

John Perlowski

TITLE
Chief Executive Officer and President
AGE
54

Neal Andrews

TITLE
Chief Financial Officer
AGE
52

Charles Choon Park

TITLE
Chief Compliance Officer and Anti-Money Laundering Officer
AGE
51

Jay Fife

TITLE
Treasurer
AGE
48

Janey Ahn

TITLE
Secretary
AGE
43

Brendan Kyne

TITLE
Vice President
AGE
41

Robert Crothers

TITLE
Vice President
AGE
37

Michael Kalinoski

TITLE
Portfolio Manager
AGE
47

Walter O'Connor

TITLE
Portfolio Manager
AGE
56
TENURE
24.2 yrs

Ted Jaeckel

TITLE
Portfolio Manager
AGE
57
TENURE
16.2 yrs
Board of Directors Tenure

Average tenure and age of the BlackRock MuniYield Arizona Fund board of directors in years:

12.2
Average Tenure
71.5
Average Age
  • The average tenure for the BlackRock MuniYield Arizona Fund board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Richard Cavanagh

TITLE
Chairman
COMPENSATION
$818
AGE
72

Karen Robards

TITLE
Vice Chairman of the Board
COMPENSATION
$776
AGE
68

Jerrold Harris

TITLE
COMPENSATION
$559
AGE
76
TENURE
12.2 yrs

Robert Hubbard

TITLE
COMPENSATION
$538
AGE
59
TENURE
12.2 yrs

Roscoe Suddarth

TITLE
Member of Advisory board
AGE
79

Kathleen Feldstein

TITLE
COMPENSATION
$518
AGE
77
TENURE
12.2 yrs

James Flynn

TITLE
COMPENSATION
$569
AGE
79
TENURE
12.2 yrs

Frank Fabozzi

TITLE
COMPENSATION
$662
AGE
70
TENURE
12.2 yrs

Henry Gabbay

TITLE
COMPENSATION
$430
AGE
71
TENURE
12.2 yrs

W. Kester

TITLE
COMPENSATION
$621
AGE
67
TENURE
12.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess BlackRock MuniYield Arizona Fund's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. BlackRock MuniYield Arizona Fund has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MZA News

Simply Wall St News

MZA Company Info

Description

BlackRock MuniYield Arizona 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 fixed income markets. It invests primarily in various investment grade municipal bonds exempt from federal income taxes and issued by Arizona and Puerto Rico. BlackRock MuniYield Arizona Fund, Inc. was formed in October 29, 1993 and is domiciled in United States.

Details
Name: BlackRock MuniYield Arizona Fund, Inc.
MZA
Exchange: NYSE
Founded: 1993
$63,228,774
4,633,842
Website: http://www.blackrock.com/investing/products/240206/blackrock-muniyield-arizona-fund-inc-usd-fund
Address: BlackRock MuniYield Arizona Fund, Inc.
100 Bellevue Parkway,
Wilmington,
Delaware, 19809,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE MZA Common Stock New York Stock Exchange US USD 15. Nov 1993
Number of employees
Current staff
Staff numbers
0
BlackRock MuniYield Arizona Fund employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/18 23:58
End of day share price update: 2019/03/18 00:00
Last earnings filing: 2018/10/04
Last earnings reported: 2018/07/31
Last annual earnings reported: 2018/07/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.