Blackrock Muniyield Insured Fund Inc. (NYSE:MYI) declared a monthly dividend on Wednesday, June 5th, Wall Street Journal reports. Shareholders of record on Friday, June 14th will be paid a dividend of 0.0505 per share by the investment management company on Monday, July 1st. This represents a $0.61 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date of this dividend is Thursday, June 13th.
Blackrock Muniyield Insured Fund has decreased its dividend by an average of 7.0% per year over the last three years.
Shares of MYI traded up $0.03 during midday trading on Friday, reaching $13.20. 62,700 shares of the company were exchanged, compared to its average volume of 126,281. The company’s 50-day moving average is $13.12. Blackrock Muniyield Insured Fund has a 1-year low of $11.54 and a 1-year high of $13.21.
BlackRock MuniYield Quality Fund III, Inc 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 a portfolio of long-term investment-grade municipal obligations exempt from federal income taxes.
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