BlackRock MuniYield Pennsylvania Quality Fund (MPA) to Issue Monthly Dividend of $0.07 on August 1st

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) declared a monthly dividend on Monday, July 1st, NASDAQ reports. Investors of record on Monday, July 15th will be paid a dividend of 0.066 per share by the investment management company on Thursday, August 1st. This represents a $0.79 annualized dividend and a yield of 6.27%. The ex-dividend date of this dividend is Monday, July 15th.

BlackRock MuniYield Pennsylvania Quality Fund has decreased its dividend payment by an average of 11.8% annually over the last three years.

BlackRock MuniYield Pennsylvania Quality Fund Stock Performance

BlackRock MuniYield Pennsylvania Quality Fund stock opened at $12.64 on Wednesday. The firm has a 50-day moving average of $12.22 and a 200-day moving average of $12.00. BlackRock MuniYield Pennsylvania Quality Fund has a one year low of $9.87 and a one year high of $12.82.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. purchased 5,333 shares of the firm’s stock in a transaction on Wednesday, April 17th. The stock was purchased at an average cost of $12.14 per share, for a total transaction of $64,742.62. Following the completion of the purchase, the insider now directly owns 2,218,894 shares in the company, valued at $26,937,373.16. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders have purchased 47,273 shares of company stock worth $566,354. Corporate insiders own 1.00% of the company’s stock.

BlackRock MuniYield Pennsylvania Quality Fund Company Profile

BlackRock MuniYield Pennsylvania Quality Fund 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 long-term investment grade municipal obligations exempt from federal income taxes and Pennsylvania income taxes.