BlackRock MuniYield Fund, Inc. to Issue Monthly Dividend of $0.05 (NYSE:MYD)

BlackRock MuniYield Fund, Inc. (NYSE:MYD) announced a monthly dividend on Friday, January 2nd. Shareholders of record on Friday, February 6th will be given a dividend of 0.0545 per share by the financial services provider on Monday, March 2nd. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Friday, February 6th.

BlackRock MuniYield Fund Stock Down 0.0%

BlackRock MuniYield Fund stock traded down $0.01 during midday trading on Wednesday, hitting $10.70. 125,116 shares of the company’s stock were exchanged, compared to its average volume of 143,614. The firm has a 50-day moving average of $10.48 and a two-hundred day moving average of $10.39. BlackRock MuniYield Fund has a 12 month low of $9.65 and a 12 month high of $10.92.

BlackRock MuniYield Fund Company Profile

BlackRock MuniYield Fund (NYSE: MYD) is a closed-end management investment company that seeks to provide shareholders with current income exempt from regular federal income tax. The fund primarily invests in U.S. municipal fixed-income securities, including investment-grade and certain lower-rated bonds that the portfolio managers believe offer attractive yield opportunities. Through its diversified municipal bond portfolio, MYD aims to deliver tax-advantaged income while managing credit and interest rate risk.

MYD’s investment strategy focuses on geographic and sector diversification across states and local governmental entities, covering a range of project types such as education, transportation, healthcare and general obligation bonds.