BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Announces Monthly Dividend of $0.05

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) declared a monthly dividend on Friday, May 3rd, Wall Street Journal reports. Shareholders of record on Wednesday, May 15th will be paid a dividend of 0.048 per share by the investment management company on Monday, June 3rd. This represents a $0.58 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date is Tuesday, May 14th.

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

BlackRock MuniYield Pennsylvania Quality Fund Price Performance

Shares of NYSE:MPA traded up $0.10 during trading on Friday, reaching $12.11. 14,536 shares of the company’s stock traded hands, compared to its average volume of 24,575. BlackRock MuniYield Pennsylvania Quality Fund has a fifty-two week low of $9.87 and a fifty-two week high of $12.52. The company has a 50-day simple moving average of $12.05 and a 200-day simple moving average of $11.54.

Insiders Place Their Bets

In other BlackRock MuniYield Pennsylvania Quality Fund news, major shareholder Saba Capital Management, L.P. bought 17,455 shares of BlackRock MuniYield Pennsylvania Quality Fund stock in a transaction dated Friday, February 16th. The stock was acquired at an average cost of $11.88 per share, with a total value of $207,365.40. Following the purchase, the insider now directly owns 2,019,493 shares in the company, valued at approximately $23,991,576.84. The acquisition was disclosed in a filing with the SEC, which is available at this link. Over the last 90 days, insiders have acquired 125,544 shares of company stock worth $1,508,609. 1.00% of the stock is owned by corporate insiders.

About BlackRock MuniYield Pennsylvania Quality Fund

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.