BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) to Issue $0.07 Monthly Dividend

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) declared a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.066 per share by the investment management company on Monday, March 3rd. This represents a $0.79 annualized dividend and a dividend yield of 6.68%. The ex-dividend date is Friday, February 14th.

BlackRock MuniYield Pennsylvania Quality Fund has raised its dividend payment by an average of 2.9% annually over the last three years.

BlackRock MuniYield Pennsylvania Quality Fund Stock Performance

Shares of MPA stock traded down $0.02 on Tuesday, reaching $11.86. 65,612 shares of the company’s stock traded hands, compared to its average volume of 18,501. BlackRock MuniYield Pennsylvania Quality Fund has a 12-month low of $11.31 and a 12-month high of $12.82. The business’s 50 day moving average price is $11.92 and its two-hundred day moving average price is $12.18.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. sold 3,268 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $11.84, for a total transaction of $38,693.12. Following the completion of the sale, the insider now directly owns 2,202,857 shares in the company, valued at approximately $26,081,826.88. This trade represents a 0.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders sold 16,517 shares of company stock worth $195,919. 1.00% of the stock is owned by company 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.