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

BlackRock MuniYield Fund, Inc. (NYSE:MYDGet Free Report) announced a monthly dividend on Wednesday, April 3rd, Wall Street Journal reports. Shareholders of record on Monday, April 15th will be paid a dividend of 0.0525 per share by the financial services provider on Wednesday, May 1st. This represents a $0.63 dividend on an annualized basis and a yield of 5.79%. The ex-dividend date is Friday, April 12th.

BlackRock MuniYield Fund Stock Performance

Shares of MYD traded down $0.02 during mid-day trading on Wednesday, reaching $10.88. The company had a trading volume of 141,093 shares, compared to its average volume of 240,084. The firm has a 50-day moving average price of $10.97 and a 200 day moving average price of $10.31. BlackRock MuniYield Fund has a 52 week low of $8.76 and a 52 week high of $11.30.

Institutional Investors Weigh In On BlackRock MuniYield Fund

A number of institutional investors have recently modified their holdings of the stock. Morgan Stanley boosted its stake in BlackRock MuniYield Fund by 32.2% in the 4th quarter. Morgan Stanley now owns 2,064,779 shares of the financial services provider’s stock worth $21,494,000 after purchasing an additional 503,412 shares in the last quarter. Pathstone Holdings LLC bought a new position in shares of BlackRock MuniYield Fund in the fourth quarter worth approximately $12,396,000. Guggenheim Capital LLC increased its position in shares of BlackRock MuniYield Fund by 11.5% during the first quarter. Guggenheim Capital LLC now owns 560,979 shares of the financial services provider’s stock valued at $7,085,000 after acquiring an additional 57,646 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in BlackRock MuniYield Fund by 15.7% in the 1st quarter. Advisors Asset Management Inc. now owns 425,033 shares of the financial services provider’s stock worth $4,569,000 after acquiring an additional 57,629 shares during the last quarter. Finally, Robinson Capital Management LLC increased its holdings in shares of BlackRock MuniYield Fund by 289.5% in the 1st quarter. Robinson Capital Management LLC now owns 285,838 shares of the financial services provider’s stock worth $3,639,000 after purchasing an additional 212,458 shares in the last quarter. 33.77% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield Fund Company Profile

(Get Free Report)

BlackRock MuniYield Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in fixed income markets. The fund primarily in long-term investment-grade municipal bonds with a maturity of more than ten years. It is exempt from federal income taxes.

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Dividend History for BlackRock MuniYield Fund (NYSE:MYD)

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