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MIY Dividend

BlackRock MuniYield Michigan Quality Fund, Inc.

NYSEFinancial ServicesStockData as of
Dividend yield
5.25%
Annual dividend
$0.65
Payout ratio
1.92
Frequency
Monthly
Share price
$12.46
Market cap
$361M

Next payment

Ex-dividend date: Pay date: Amount: $0.0545

You must own the shares before the ex-dividend date to receive this payment.

Is MIY a good dividend stock?

What the data shows. These are observations, not recommendations — see the disclaimer at the foot of the page.

  • Yield is above the market median5.25% against a median of 2.78% across US dividend payers.
  • Paying out more than it earnsA payout ratio of 1.92 means the dividend exceeds reported earnings. That can be sustained for a while from cash reserves or borrowing, but not indefinitely.
  • Dividend has been cut 18 timesAcross 33 complete years, the annual total fell in 2018, 2019, 2023 and earlier. The most recent reduction was in 2023.
  • Pays monthlyPayments arrive twelve times a year rather than the usual four, which suits income being drawn rather than reinvested.

MIY dividend history

Annual dividend per share, 1993 to 2025.

1993199920052011201720232025
Peak $1.01 in 2004Year the total fellTypical payment × payments that year, split-adjusted, excluding special and one-off distributions. Robust to duplicate records in the source data. The current year is omitted while incomplete.

Recent dividend payments

The last 40 dividend payments for MIY, most recent first.
Ex-dividend datePay dateAmountType
$0.0545Monthly
$0.0545Monthly
$0.0545Monthly
$0.0545Monthly
$0.0545Monthly
$0.0545Monthly
$0.0545Monthly
$0.0545Monthly
$0.0545Monthly
$0.0545Monthly
$0.0545Monthly
$0.0545Monthly
$0.0545Monthly
$0.0545Monthly
$0.0545Monthly
$0.0545Monthly
$0.0545Monthly
$0.0545Monthly
$0.0545Monthly
$0.0545Monthly
$0.0545Monthly
$0.0545Monthly
$0.0545Monthly
$0.0545Monthly
$0.0465Monthly
$0.0465Monthly
$0.0465Monthly
$0.0465Monthly
$0.0465Monthly
$0.0465Monthly
$0.0465Monthly
$0.0465Monthly
$0.0465Monthly
$0.0465Monthly
$0.0345Monthly
$0.0345Monthly
$0.0345Monthly
$0.0345Monthly
$0.0345Monthly
$0.0345Monthly

How much would MIY pay you?

Enter an amount and see the income this dividend would produce — per year, per payment and per month.

Calculate MIY dividend income →

MIY appears in

Frequently asked questions

Does MIY pay a dividend?
Yes. BlackRock MuniYield Michigan Quality Fund, Inc. pays a monthly dividend, currently yielding 5.25% based on trailing twelve-month payments of $0.65 per share.
How much does MIY pay in dividends?
$0.65 per share over the last twelve months, paid monthly. Special and one-off distributions are excluded from that figure because they do not recur.
When is the next MIY ex-dividend date?
The next ex-dividend date on record is August 14, 2026, with payment on September 1, 2026. You must own the shares before the ex-dividend date to receive that payment.