MIY Dividend History & Yield

BlackRock MuniYield Michigan Quality Fund, Inc. · NYSE

Stock Financial Services Monthly payer
$12.56
+0.80% today
as of Sep 9, 2026
TTM yield
5.25%
$0.66/share over the last 12 months
Forward yield
5.25%
$0.66/share indicated annual rate
Annual dividend
$0.66
per share, forward
Per payment
$0.055
per share, every month
Frequency
Monthly
12 payments a year
Next ex-dividend date
Sep 15, 2026 Declared
in 6 days
Next pay date
Sep 29, 2026
in 20 days
Last ex-dividend date
Aug 14, 2026
$0.055 per share
Payout ratio
192%
of earnings
Market cap
363.8M
P/E 36.9
5y dividend CAGR
-0.2%
annualised, regular payments
Growth streak
0 yrs
no current streak
Years paying
33.7
since Jan 12, 1993
1y total return
+18.4%
price +12.4% + dividends 5.9%

Upcoming dividend payments

Ex-datePay datePer sharePer 100 sharesStatus
Tue, Sep 15, 2026 (in 6 days) Sep 29, 2026 $0.055 $5.50 Declared
Thu, Oct 15, 2026 (in 36 days) Oct 29, 2026 $0.055 $5.50 Estimated
Sat, Nov 14, 2026 (in 66 days) Nov 28, 2026 $0.055 $5.50 Estimated
Mon, Dec 14, 2026 (in 96 days) Dec 28, 2026 $0.055 $5.50 Estimated
Wed, Jan 13, 2027 (in 126 days) Jan 27, 2027 $0.055 $5.50 Estimated
Fri, Feb 12, 2027 (in 156 days) Feb 26, 2027 $0.055 $5.50 Estimated
Sun, Mar 14, 2027 (in 186 days) Mar 28, 2027 $0.055 $5.50 Estimated
Tue, Apr 13, 2027 (in 216 days) Apr 27, 2027 $0.055 $5.50 Estimated
Thu, May 13, 2027 (in 246 days) May 27, 2027 $0.055 $5.50 Estimated
Sat, Jun 12, 2027 (in 276 days) Jun 26, 2027 $0.055 $5.50 Estimated
Mon, Jul 12, 2027 (in 306 days) Jul 26, 2027 $0.055 $5.50 Estimated
Wed, Aug 11, 2027 (in 336 days) Aug 25, 2027 $0.055 $5.50 Estimated

Estimated dates and amounts are projected from MIY's recent payment pattern and will be replaced by declared figures when the company announces them. Total over the next 12 months: about $0.715 per share.

Dividend payment history

Last 40 payments per share. RegularSpecial

Last 40 payments per share from May 12, 2023 to Aug 14, 2026; most recent $0.055$0.00$0.03$0.06May 12, 2023: $0.035May '23Jun 14, 2023: $0.035Jul 13, 2023: $0.035Aug 14, 2023: $0.035Sep 14, 2023: $0.035Oct 13, 2023: $0.035Oct '23Nov 14, 2023: $0.035Dec 14, 2023: $0.047Jan 11, 2024: $0.047Feb 14, 2024: $0.047Mar 14, 2024: $0.047Mar '24Apr 12, 2024: $0.047May 14, 2024: $0.047Jun 14, 2024: $0.047Jul 15, 2024: $0.047Aug 15, 2024: $0.047Aug '24Sep 16, 2024: $0.047Oct 15, 2024: $0.055Nov 15, 2024: $0.055Dec 16, 2024: $0.055Jan 15, 2025: $0.055Jan '25Feb 14, 2025: $0.055Mar 14, 2025: $0.055Apr 15, 2025: $0.055May 15, 2025: $0.055Jun 13, 2025: $0.055Jun '25Jul 15, 2025: $0.055Aug 15, 2025: $0.055Sep 15, 2025: $0.055Oct 15, 2025: $0.055Nov 14, 2025: $0.055Nov '25Dec 22, 2025: $0.055Jan 20, 2026: $0.055Feb 13, 2026: $0.055Mar 13, 2026: $0.055Apr 15, 2026: $0.055Apr '26May 15, 2026: $0.055Jun 15, 2026: $0.055Jul 15, 2026: $0.055Aug 14, 2026: $0.055

Annual dividends per share

Annual dividend per share by calendar year, 2017 to 2026 (year to date)$0.00$0.50$1.002017: $0.765$0.76520172018: $0.654$0.65420182019: $0.606$0.60620192020: $0.617$0.61720202021: $0.672$0.67220212022: $0.633$0.63320222023: $0.444$0.44420232024: $0.588$0.58820242025: $0.66$0.6620252026 (YTD): $0.44$0.442026 YTD

How much MIY do you need for monthly income?

Target incomeShares neededCapital at today's pricePer year
$100 / month1,819$22,836$1,200
$500 / month9,091$114,182$6,000
$1,000 / month18,182$228,364$12,000

Based on the forward yield of 5.25%. $10,000 in MIY would currently pay about $525 a year ($44 a month on average). Model reinvestment and growth →

MIY dividend history

Show recent only Download CSV
Ex-datePay dateAmountChange
Aug 14, 2026 $0.055 +0.0%
Jul 15, 2026 $0.055 +0.0%
Jun 15, 2026 $0.055 +0.0%
May 15, 2026 $0.055 +0.0%
Apr 15, 2026 $0.055 +0.0%
Mar 13, 2026 $0.055 +0.0%
Feb 13, 2026 $0.055 +0.0%
Jan 20, 2026 $0.055 +0.0%
Dec 22, 2025 $0.055 +0.0%
Nov 14, 2025 $0.055 +0.0%
Oct 15, 2025 $0.055 +0.0%
Sep 15, 2025 $0.055 +0.0%
Aug 15, 2025 $0.055 +0.0%
Jul 15, 2025 $0.055 +0.0%
Jun 13, 2025 $0.055 +0.0%
May 15, 2025 $0.055 +0.0%
Apr 15, 2025 $0.055 +0.0%
Mar 14, 2025 $0.055 +0.0%
Feb 14, 2025 $0.055 +0.0%
Jan 15, 2025 $0.055 +0.0%
Dec 16, 2024 $0.055 +0.0%
Nov 15, 2024 $0.055 +0.0%
Oct 15, 2024 $0.055 +17.0%
Sep 16, 2024 $0.047 +0.0%
Aug 15, 2024 $0.047 +0.0%
Jul 15, 2024 $0.047 +0.0%
Jun 14, 2024 $0.047 +0.0%
May 14, 2024 $0.047 +0.0%
Apr 12, 2024 $0.047 +0.0%
Mar 14, 2024 $0.047 +0.0%
Feb 14, 2024 $0.047 +0.0%
Jan 11, 2024 $0.047 +0.0%
Dec 14, 2023 $0.047 +34.3%
Nov 14, 2023 $0.035 +0.0%
Oct 13, 2023 $0.035 +0.0%
Sep 14, 2023 $0.035 +0.0%
Aug 14, 2023 $0.035 +0.0%
Jul 13, 2023 $0.035 +0.0%
Jun 14, 2023 $0.035 +0.0%
May 12, 2023 $0.035 +0.0%
Apr 13, 2023 $0.035 +0.0%
Mar 14, 2023 $0.035 -14.6%
Feb 14, 2023 $0.041 +0.0%
Jan 12, 2023 $0.041 +0.0%
Dec 15, 2022 $0.041 -6.8%
Nov 14, 2022 $0.044 +0.0%
Oct 13, 2022 $0.044 -21.4%
Sep 14, 2022 $0.056 +0.0%
Aug 12, 2022 $0.056 +0.0%
Jul 14, 2022 $0.056 +0.0%
Jun 14, 2022 $0.056 +0.0%
May 13, 2022 $0.056 +0.0%
Apr 13, 2022 $0.056 +0.0%
Mar 14, 2022 $0.056 +0.0%
Feb 14, 2022 $0.056 +0.0%
Jan 13, 2022 $0.056 +0.0%
Dec 16, 2021 $0.056 +0.0%
Nov 12, 2021 $0.056 +0.0%
Oct 14, 2021 $0.056 +0.0%
Sep 14, 2021 $0.056 +0.0%
Aug 13, 2021 $0.056 +0.0%
Jul 14, 2021 $0.056 +0.0%
Jun 14, 2021 $0.056 +0.0%
May 13, 2021 $0.056 +0.0%
Apr 14, 2021 $0.056 +0.0%
Mar 12, 2021 $0.056 +0.0%
Feb 12, 2021 $0.056 +0.0%
Jan 14, 2021 $0.056 +0.0%
Dec 14, 2020 $0.056 +0.0%
Nov 13, 2020 $0.056 +0.0%
Oct 14, 2020 $0.056 +9.8%
Sep 14, 2020 $0.051 +0.0%
Aug 13, 2020 $0.051 +0.0%
Jul 14, 2020 $0.051 +0.0%
Jun 12, 2020 $0.051 +4.1%
May 14, 2020 $0.049 +0.0%
Apr 14, 2020 $0.049 +0.0%
Mar 13, 2020 $0.049 +0.0%
Feb 13, 2020 $0.049 +0.0%
Jan 14, 2020 $0.049 +0.0%
Dec 13, 2019 $0.049 +0.0%
Nov 14, 2019 $0.049 +0.0%
Oct 11, 2019 $0.049 +0.0%
Sep 13, 2019 $0.049 +0.0%
Aug 14, 2019 $0.049 +0.0%
Jul 12, 2019 $0.049 -5.8%
Jun 13, 2019 $0.052 +0.0%
May 14, 2019 $0.052 +0.0%
Apr 12, 2019 $0.052 +0.0%
Mar 14, 2019 $0.052 +0.0%
Feb 14, 2019 $0.052 +0.0%
Jan 14, 2019 $0.052 +0.0%
Dec 12, 2018 $0.052 +0.0%
Nov 14, 2018 $0.052 +0.0%
Oct 12, 2018 $0.052 +0.0%
Sep 13, 2018 $0.052 +0.0%
Aug 14, 2018 $0.052 +0.0%
Jul 13, 2018 $0.052 -8.8%
Jun 14, 2018 $0.057 +0.0%
May 14, 2018 $0.057 +0.0%
Apr 13, 2018 $0.057 +0.0%
Mar 14, 2018 $0.057 +0.0%
Feb 14, 2018 $0.057 +0.0%
Jan 12, 2018 $0.057 -6.6%
Dec 11, 2017 $0.061 -4.7%
Nov 14, 2017 $0.064 +0.0%
Oct 13, 2017 $0.064 +0.0%
Sep 14, 2017 $0.064 +0.0%
Aug 11, 2017 $0.064 +0.0%
Jul 12, 2017 $0.064 +0.0%
Jun 13, 2017 $0.064 +0.0%
May 11, 2017 $0.064 +0.0%
Apr 11, 2017 $0.064 +0.0%
Mar 13, 2017 $0.064 +0.0%
Feb 13, 2017 $0.064 +0.0%
Jan 11, 2017 $0.064 -1.5%
Dec 8, 2016 $0.065 +1.6%
Nov 10, 2016 $0.064 +0.0%
Oct 12, 2016 $0.064 +0.0%
Sep 13, 2016 $0.064 +0.0%
Aug 11, 2016 $0.064 +0.0%
Jul 13, 2016 $0.064 +0.0%
Jun 13, 2016 $0.064 -7.2%
May 12, 2016 $0.069 +0.0%
Apr 13, 2016 $0.069 +0.0%
Mar 11, 2016 $0.069 +0.0%
Feb 11, 2016 $0.069 +0.0%
Jan 13, 2016 $0.069 +0.0%
Dec 10, 2015 $0.069 +0.0%
Nov 12, 2015 $0.069 +155.6%
Oct 13, 2015 $0.027 -78.4%
Sep 9, 2015 $0.125 +81.2%
Aug 12, 2015 $0.069 +0.0%
Jul 13, 2015 $0.069 -4.2%
Jun 11, 2015 $0.072 +0.0%
May 13, 2015 $0.072 +0.0%
Apr 13, 2015 $0.072 +0.0%
Mar 11, 2015 $0.072 +0.0%
Feb 11, 2015 $0.072 +0.0%
Jan 13, 2015 $0.072 +0.0%
Dec 10, 2014 $0.072 +0.0%
Nov 12, 2014 $0.072 +0.0%
Oct 10, 2014 $0.072 +0.0%
Sep 11, 2014 $0.072 +0.0%
Aug 13, 2014 $0.072 +0.0%
Jul 11, 2014 $0.072 -2.7%
Jun 12, 2014 $0.074 +0.0%
May 13, 2014 $0.074 +0.0%
Apr 11, 2014 $0.074 +0.0%
Mar 12, 2014 $0.074 +0.0%
Feb 12, 2014 $0.074 +0.0%
Jan 13, 2014 $0.074 -1.3%
Dec 11, 2013 $0.075 -1.3%
Nov 13, 2013 $0.076 +0.0%
Oct 11, 2013 $0.076 -1.3%
Sep 12, 2013 $0.077 +1.3%
Aug 13, 2013 $0.076 +0.0%
Jul 11, 2013 $0.076 +0.0%
Jun 12, 2013 $0.076 +0.0%
May 13, 2013 $0.076 +0.0%
Apr 11, 2013 $0.076 +0.0%
Mar 13, 2013 $0.076 +0.0%
Feb 13, 2013 $0.076 +0.0%
Jan 11, 2013 $0.076 -1.3%
Dec 12, 2012 $0.077 +0.0%
Oct 11, 2012 $0.077 +0.0%
Sep 12, 2012 $0.077 +0.0%
Aug 13, 2012 $0.077 +0.0%
Jul 12, 2012 $0.077 +0.0%
Jun 13, 2012 $0.077 +0.0%
May 11, 2012 $0.077 +0.0%
Apr 12, 2012 $0.077 +0.0%
Mar 13, 2012 $0.077 +0.0%
Feb 13, 2012 $0.077 +0.0%
Jan 11, 2012 $0.077 -16.3%
Dec 13, 2011 $0.092 +19.5%
Nov 10, 2011 $0.077 +0.0%
Oct 12, 2011 $0.077 +0.0%
Sep 13, 2011 $0.077 +0.0%
Aug 11, 2011 $0.077 +0.0%
Jul 13, 2011 $0.077 +0.0%
Jun 13, 2011 $0.077 +0.0%
May 12, 2011 $0.077 +0.0%
Apr 13, 2011 $0.077 +0.0%
Mar 11, 2011 $0.077 +0.0%
Feb 11, 2011 $0.077 +0.0%
Jan 12, 2011 $0.077 +0.0%
Dec 13, 2010 $0.077 +0.0%
Nov 10, 2010 $0.077 +0.0%
Oct 13, 2010 $0.077 +0.0%
Sep 13, 2010 $0.077 +2.7%
Aug 12, 2010 $0.075 +0.0%
Jul 13, 2010 $0.075 +0.0%
Jun 11, 2010 $0.075 +0.0%
May 12, 2010 $0.075 +0.0%
Apr 13, 2010 $0.075 +0.0%
Mar 11, 2010 $0.075 +0.0%
Feb 10, 2010 $0.075 +0.0%
Jan 13, 2010 $0.075 +0.0%
Dec 11, 2009 $0.075 +2.7%
Nov 10, 2009 $0.073 +0.0%
Oct 13, 2009 $0.073 +0.0%
Sep 11, 2009 $0.073 +9.0%
Aug 12, 2009 $0.067 +0.0%
Jul 13, 2009 $0.067 +0.0%
Jun 11, 2009 $0.067 +24.1%
May 13, 2009 $0.054 +0.0%
Apr 13, 2009 $0.054 +0.0%
Mar 12, 2009 $0.054 +0.0%
Feb 11, 2009 $0.054 +0.0%
Jan 13, 2009 $0.054 +0.0%
Dec 11, 2008 $0.054 +0.0%
Nov 12, 2008 $0.054 +0.0%
Oct 10, 2008 $0.054 +0.0%
Sep 11, 2008 $0.054 +0.0%
Aug 13, 2008 $0.054 +0.0%
Jul 11, 2008 $0.054 +0.0%
Jun 12, 2008 $0.054 -8.5%
May 13, 2008 $0.059 +0.0%
Apr 11, 2008 $0.059 +0.0%
Mar 12, 2008 $0.059 +0.0%
Feb 13, 2008 $0.059 +0.0%
Jan 17, 2008 $0.059 +0.0%
Dec 12, 2007 $0.059 +0.0%
Nov 13, 2007 $0.059 +0.0%
Oct 11, 2007 $0.059 +0.0%
Sep 12, 2007 $0.059 +0.0%
Aug 13, 2007 $0.059 +0.0%
Jul 12, 2007 $0.059 +0.0%
Jun 13, 2007 $0.059 +0.0%
May 11, 2007 $0.059 +0.0%
Apr 12, 2007 $0.059 +0.0%
Mar 13, 2007 $0.059 +0.0%
Feb 13, 2007 $0.059 +0.0%
Jan 11, 2007 $0.059 +0.0%
Dec 13, 2006 $0.059 -6.3%
Nov 10, 2006 $0.063 +0.0%
Oct 12, 2006 $0.063 +0.0%
Sep 13, 2006 $0.063 +0.0%
Aug 10, 2006 $0.063 +0.0%
Jul 13, 2006 $0.063 +0.0%
Jun 9, 2006 $0.063 -12.5%
May 11, 2006 $0.072 +0.0%
Apr 12, 2006 $0.072 +0.0%
Mar 10, 2006 $0.072 +0.0%
Feb 10, 2006 $0.072 +0.0%
Jan 13, 2006 $0.072 -11.1%
Dec 13, 2005 $0.081 +0.0%
Nov 10, 2005 $0.081 +0.0%
Oct 13, 2005 $0.081 +0.0%
Sep 12, 2005 $0.081 +0.0%
Aug 11, 2005 $0.081 +0.0%
Jul 12, 2005 $0.081 +0.0%
Jun 10, 2005 $0.081 +0.0%
May 11, 2005 $0.081 +0.0%
Apr 13, 2005 $0.081 +0.0%
Mar 11, 2005 $0.081 +0.0%
Feb 11, 2005 $0.081 +0.0%
Jan 14, 2005 $0.081 -3.6%
Dec 13, 2004 $0.084 +0.0%
Nov 9, 2004 $0.084 +0.0%
Oct 13, 2004 $0.084 +0.0%
Sep 10, 2004 $0.084 +0.0%
Aug 12, 2004 $0.084 +0.0%
Jul 13, 2004 $0.084 +0.0%
Jun 10, 2004 $0.084 +0.0%
May 12, 2004 $0.084 +0.0%
Apr 14, 2004 $0.084 +0.0%
Mar 11, 2004 $0.084 +0.0%
Feb 11, 2004 $0.084 +2.4%
Jan 14, 2004 $0.082 +0.0%
Dec 15, 2003 $0.082 +0.0%
Nov 12, 2003 $0.082 +0.0%
Oct 15, 2003 $0.082 +0.0%
Sep 12, 2003 $0.082 +0.0%
Aug 13, 2003 $0.082 +0.0%
Jul 15, 2003 $0.082 +0.0%
Jun 12, 2003 $0.082 +0.0%
May 14, 2003 $0.082 +0.0%
Apr 14, 2003 $0.082 +0.0%
Mar 13, 2003 $0.082 +0.0%
Feb 12, 2003 $0.082 +3.8%
Jan 14, 2003 $0.079 +0.0%
Dec 11, 2002 $0.079 +0.0%
Nov 12, 2002 $0.079 +0.0%
Oct 16, 2002 $0.079 +0.0%
Sep 13, 2002 $0.079 +0.0%
Aug 15, 2002 $0.079 -1.2%
Jul 16, 2002 $0.08 +1.3%
Jun 13, 2002 $0.079 +0.0%
May 16, 2002 $0.079 +0.0%
Apr 15, 2002 $0.079 -1.2%
Mar 14, 2002 $0.08 +0.0%
Feb 13, 2002 $0.08 +8.1%
Jan 11, 2002 $0.074 +0.0%
Dec 18, 2001 $0.074 +0.0%
Nov 16, 2001 $0.074 +0.0%
Oct 12, 2001 $0.074 +5.7%
Aug 16, 2001 $0.07 +2.9%
Jul 13, 2001 $0.068 +0.0%
Jun 15, 2001 $0.068 +0.0%
May 14, 2001 $0.068 +3.0%
Apr 11, 2001 $0.066 +0.0%
Mar 15, 2001 $0.066 +0.0%
Feb 14, 2001 $0.066 +1.5%
Jan 11, 2001 $0.065 +0.0%
Dec 18, 2000 $0.065 +0.0%
Nov 16, 2000 $0.065 +0.0%
Oct 13, 2000 $0.065 +0.0%
Sep 14, 2000 $0.065 +0.0%
Aug 16, 2000 $0.065 -1.5%
Jul 13, 2000 $0.066 +0.0%
Jun 15, 2000 $0.066 +0.0%
May 12, 2000 $0.066 +15.8%
Apr 13, 2000 $0.057 -17.4%
Mar 1, 2000 $0.069 +0.0%
Feb 15, 2000 $0.069 +0.0%
Jan 13, 2000 $0.069 +0.0%
Dec 21, 1999 $0.069 -1.4%
Nov 18, 1999 $0.07 +1.4%
Oct 20, 1999 $0.069 +0.0%
Sep 20, 1999 $0.069 +0.0%
Aug 19, 1999 $0.069 +1.5%
Jul 21, 1999 $0.068 -1.4%
Jun 21, 1999 $0.069 +4.5%
May 19, 1999 $0.066 -5.7%
Apr 20, 1999 $0.07 +9.4%
Mar 22, 1999 $0.064 -13.5%
Feb 17, 1999 $0.074 -8.6%
Jan 20, 1999 $0.081 +6.6%
Dec 21, 1998 $0.291 Special
Nov 18, 1998 $0.076 +7.0%
Oct 20, 1998 $0.071 +0.0%
Sep 18, 1998 $0.071 +1.4%
Aug 19, 1998 $0.07 +4.5%
Jul 21, 1998 $0.067 -1.5%
Jun 18, 1998 $0.068 +0.0%
May 19, 1998 $0.068 -5.6%
Apr 20, 1998 $0.072 +10.8%
Mar 19, 1998 $0.065 -9.7%
Feb 17, 1998 $0.072 +1.4%
Jan 20, 1998 $0.071 +4.4%
Dec 17, 1997 $0.068 -4.2%
Nov 13, 1997 $0.071 +2.9%
Oct 16, 1997 $0.069 -1.4%
Sep 16, 1997 $0.07 +0.0%
Aug 14, 1997 $0.07 +0.0%
Jul 17, 1997 $0.07 -2.8%
Jun 17, 1997 $0.072 +5.9%
May 15, 1997 $0.068 -5.6%
Apr 16, 1997 $0.072 +9.1%
Mar 18, 1997 $0.066 -5.7%
Feb 18, 1997 $0.07 -2.8%
Jan 17, 1997 $0.072 +1.4%
Dec 18, 1996 $0.071 -2.7%
Nov 14, 1996 $0.073 +4.3%
Oct 17, 1996 $0.07 -2.8%
Sep 13, 1996 $0.072 +0.0%
Aug 15, 1996 $0.072 +0.0%
Jul 18, 1996 $0.072 -2.7%
Jun 14, 1996 $0.074 +4.2%
May 17, 1996 $0.071 -4.1%
Apr 17, 1996 $0.074 +4.2%
Mar 15, 1996 $0.071 -4.1%
Feb 15, 1996 $0.074 +4.2%
Jan 17, 1996 $0.071 +1.4%
Dec 20, 1995 $0.07 -6.7%
Nov 21, 1995 $0.075 +7.1%
Oct 18, 1995 $0.07 -2.8%
Sep 20, 1995 $0.072 -6.5%
Aug 21, 1995 $0.077 +4.1%
Sep 13, 1994 $0.074 -1.3%
Aug 15, 1994 $0.075 +4.2%
Jul 12, 1994 $0.072 -4.0%
Jun 14, 1994 $0.075 +0.0%
May 11, 1994 $0.075 +0.0%
Apr 12, 1994 $0.075 +0.0%
Mar 15, 1994 $0.075 -1.3%
Feb 9, 1994 $0.076 -3.8%
Jan 11, 1994 $0.079 +0.0%
Dec 14, 1993 $0.079 -6.0%
Nov 12, 1993 $0.084 +2.4%
Sep 14, 1993 $0.082 +1.2%
Aug 16, 1993 $0.081 +1.2%
Jul 13, 1993 $0.08 -2.4%
Jun 14, 1993 $0.082 +7.9%
May 12, 1993 $0.076 +0.0%
Apr 13, 1993 $0.076 -1.3%
Mar 15, 1993 $0.077 -3.7%
Feb 9, 1993 $0.08 -44.1%
Jan 12, 1993 $0.143

MIY dividend increases & cuts

Market-wide changes →

No change to MIY's regular dividend detected in the last year of data.

Detected from the regular payment stream; supplemental and special dividends are excluded. Pro members get an email the morning a holding raises or cuts.

Payout risk check

Yield-trap heuristicElevated risk

MIY scores 55/100 on our yield-trap heuristic (elevated risk).

2 warning flags raised:

  • Payout ratio above 100% of earnings
  • Payment was cut within the last 5 years

This is a rule-based screen computed from public data, not a rating or a recommendation. Read our guide to yield traps for what the signals mean.

About BlackRock MuniYield Michigan Quality Fund, Inc.

BlackRock MuniYield Michigan Quality Fund, Inc. is a closed-ended fixed income mutual fund launched by BlackRock, Inc. It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade, long-term municipal obligations exempt from federal income taxes and Michigan income taxes. BlackRock MuniYield Michigan Quality Fund, Inc. was formed on October 30, 1992 and is domiciled in the United States.

Sector: Financial Services. Industry: Asset Management. First dividend on our records: Jan 12, 1993. 391 payments tracked. Data last refreshed Sep 9, 2026. Spotted a mistake? Report it and we'll fix it.

MIY dividend FAQ

When is MIY's next ex-dividend date?

MIY's next ex-dividend date is Sep 15, 2026 (in 6 days, declared by the company). You must own the shares before that date to receive the payment of about $0.055 per share, expected on Sep 29, 2026.

How often does MIY pay dividends?

MIY pays dividends every month, 12 times a year. The most recent payment was $0.055 per share with an ex-date of Aug 14, 2026.

What is MIY's dividend yield?

MIY's trailing 12-month dividend yield is 5.25%, based on $0.66 per share paid over the last year and a share price of $12.56. The forward yield, using the indicated annual rate of $0.66 per share, is 5.25%.

How much does MIY pay per share?

MIY pays about $0.055 per share each month, which works out to roughly $0.66 per share a year. 100 shares would collect about $66.00 a year.

Has MIY grown or cut its dividend?

Over the last 5 years the regular payout has shrunk at 0.2% a year (+1.2% over the last year). MIY did cut a regular payment within the last 5 years.

How many shares of MIY do I need to earn $100 a month?

At the current forward yield of 5.25%, you would need about 1,819 shares of MIY (roughly $22,836 invested at today's price) to collect $1,200 a year, or $100 a month on average, before taxes. Payments arrive every month, so the monthly figure is an average.

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