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

BlackRock MuniYield Fund, Inc. (NYSE:MYD) announced a monthly dividend on Friday, May 3rd, Wall Street Journal reports. Stockholders of record on Wednesday, May 15th will be given a dividend of 0.0525 per share by the financial services provider on Monday, June 3rd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 5.89%. The ex-dividend date of this dividend is Tuesday, May 14th.

BlackRock MuniYield Fund Trading Up 1.0 %

Shares of NYSE MYD traded up $0.11 during trading hours on Friday, hitting $10.69. The stock had a trading volume of 145,981 shares, compared to its average volume of 206,370. The firm’s 50-day moving average price is $10.91 and its two-hundred day moving average price is $10.51. BlackRock MuniYield Fund has a 52 week low of $8.76 and a 52 week high of $11.30.

BlackRock MuniYield Fund Company Profile

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.