BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA – Get Free Report) announced a monthly dividend on Monday, July 1, NASDAQ reports. Investors of record on Monday, July 15 will receive a dividend of 0.066 per share from the investment company on Thursday, August 1. This represents an annualized dividend of $0.79 and a yield of 6.27%. The ex-dividend date of this dividend is Monday, July 15.

The BlackRock MuniYield Pennsylvania Quality Fund has reduced its dividend payout by an average of 11.8% annually over the past three years.

Stock performance of the BlackRock MuniYield Pennsylvania Quality Fund

BlackRock MuniYield Pennsylvania Quality Fund stock opened at $12.64 on Wednesday. The company has a 50-day moving average of $12.22 and a 200-day moving average of $12.00. BlackRock MuniYield Pennsylvania Quality Fund has a one year low of $9.87 and a one year high of $12.82.

Insider buying and selling

In related news, major shareholder Saba Capital Management, LP bought 5,333 shares of the company's stock on Wednesday, April 17. The shares were bought at an average price of $12.14 per share, for a total transaction of $64,742.62. Following the completion of the purchase, the insider now directly owns 2,218,894 shares of the company's stock, valued at $26,937,373.16. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. During the last quarter, insiders have purchased 47,273 shares of the company's stock, valued at $566,354. Company insiders own 1.00% of the company's stock.

BlackRock MuniYield Pennsylvania Quality Fund Company Profile

(Get free report)

BlackRock MuniYield Pennsylvania Quality Fund is a closed-end fixed income mutual fund established 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 debt securities that are exempt from federal income tax and Pennsylvania income tax.

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