BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) Plans $0.05 Monthly Dividend

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) announced a monthly dividend on Friday, January 2nd. Shareholders of record on Tuesday, January 20th will be paid a dividend of 0.0512 per share by the investment management company on Monday, February 2nd. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date is Tuesday, January 20th.

BlackRock MuniYield New York Quality Fund Stock Up 0.3%

Shares of MYN stock opened at $10.10 on Friday. The firm’s 50 day moving average price is $10.01 and its two-hundred day moving average price is $9.78. BlackRock MuniYield New York Quality Fund has a 52-week low of $9.12 and a 52-week high of $10.33.

Hedge Funds Weigh In On BlackRock MuniYield New York Quality Fund

Hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC grew its position in shares of BlackRock MuniYield New York Quality Fund by 53.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 680,826 shares of the investment management company’s stock worth $6,761,000 after buying an additional 236,616 shares during the period. Royal Bank of Canada raised its holdings in BlackRock MuniYield New York Quality Fund by 268.6% in the first quarter. Royal Bank of Canada now owns 274,458 shares of the investment management company’s stock worth $2,725,000 after purchasing an additional 200,000 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in BlackRock MuniYield New York Quality Fund by 44.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 538,416 shares of the investment management company’s stock worth $5,336,000 after purchasing an additional 164,844 shares during the period. City of London Investment Management Co. Ltd. bought a new position in shares of BlackRock MuniYield New York Quality Fund during the third quarter worth $1,120,000. Finally, TrueMark Investments LLC acquired a new position in shares of BlackRock MuniYield New York Quality Fund in the 3rd quarter valued at $422,000. Institutional investors and hedge funds own 29.32% of the company’s stock.

About BlackRock MuniYield New York Quality Fund

BlackRock MuniYield New York Quality Fund (NYSE: MYN) is a diversified, closed-end management investment company that seeks to deliver current income exempt from federal and New York State income taxes. The fund primarily invests in a portfolio of municipal securities, with an emphasis on investment-grade obligations issued by entities located within New York State.

The fund’s investment strategy focuses on long-term, tax-exempt income by allocating assets to general obligation bonds, revenue bonds, and other municipal debt instruments rated in the upper tiers of the major credit rating agencies.