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BlackRock MuniYield Michigan Quality Fund(NYSE) MIY

Market Cap$348.35MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1992)+493%
5 Year-1%
1 Year+11%
1 Month-3%
$11.82
-1.66%
-0.20Today
BlackRock MuniYield Michigan Quality Fund last closing stock price
MetricPriceDate
Last closeUSD 12.022026-09-22
BlackRock MuniYield Michigan Quality Fund stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-0.41%USD 12.072026-09-15
1 month-3.18%USD 12.412026-08-21
3 month+0.66%USD 11.942026-06-24
Year to date+6.57%USD 11.282025-12-31
1 year+11.41%USD 10.792025-09-22
3 year+35.61%USD 8.862023-09-22
5 year-1.13%USD 12.162021-09-23
Since inception+493.17%USD 2.031992-11-04

BlackRock MuniYield Michigan Quality Fund Financials at a Glance

Market Cap

$348.35MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$47.38M

Net Income (TTM)

$14.42M

EPS (TTM)

$0.34

P/E Ratio

35.27

Dividend

$0.65

Beta (Volatility)

0.18 (Low)

Price

$11.82

Volume

60,933.781

Open

$11.98

Previous Close

$12.02

Daily Range

$11.82 - $11.98

52-Week Range

$11.07 - $12.90

Estimated Earnings Date

Apr 6, 2026

MIY News

No articles available.

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About BlackRock MuniYield Michigan Quality Fund

BlackRock MuniYield Michigan Quality Fund, Inc. is a closed-end investment fund focused on high-quality, long-term municipal bonds. Managed by BlackRock Advisors, LLC, the fund aims to provide tax-exempt income to investors through its investments in fixed income securities.

Products and Services
  • Invests primarily in municipal bonds exempt from federal and Michigan state taxes
  • Offers a diversified portfolio of fixed income securities
  • Provides regular income distributions to shareholders
Growth Outlook
  • Recent quarterly revenue reached $13.43 million, indicating strong performance
  • Trailing twelve months (TTM) dividend yield stands at 5.40%, appealing to income-focused investors
  • Market capitalization of approximately $350 million supports growth potential
Financial Highlights
  • Net income for the latest quarter was $29.64 million, showcasing profitability
  • Operating income margin improved to 2.52%, reflecting operational efficiency
  • Debt ratio remains manageable at 39.07%, indicating financial stability
BlackRock MuniYield Michigan Quality Fund, Inc. specializes in providing tax-exempt income through a well-managed portfolio of municipal bonds. The fund's focus on high-quality securities positions it favorably in the fixed income market. Recent financial performance highlights, including a significant net income and a robust dividend yield, suggest a strong potential for continued growth. The fund's manageable debt levels further enhance its appeal to investors seeking stability and income.
AI Generated • Sep 20, 2026

Industry

Capital Markets

Sector

Financials

CEO

John M. Perlowski

Headquarters

New York City, NY 10001, US

MIY Financials

Key Financial Metrics (TTM)

Gross Margin

112.24%

Operating Margin

203.26%

Net Income Margin

44.44%

Return on Equity

2.82%

Return on Capital

3.94%

Return on Assets

1.66%

Earnings Yield

2.84%

Dividend Yield

5.44%

Payout Ratio

1.92%

Stock Overview

Market Cap

$348.35MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

28.98M

Volume

60.93K

Avg. Volume

59.92K

Financials (TTM)

Gross Profit

$45.74M

Operating Income

$60.18M

EBITDA

$60.01M

Operating Cash Flow

$34.24M

Capital Expenditure

$12.00

Free Cash Flow

$34.24M

Cash & ST Invst.

$4.35M

Total Debt

$232.09M

BlackRock MuniYield Michigan Quality Fund Performance Analysis

BlackRock MuniYield Michigan Quality Fund annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-07-31USD 22,984,987N/A
20232023-07-31USD 1,296,496-94.4%
20242024-07-31USD 23,746,0641731.6%
20252025-07-31USD 21,101,325-11.1%
BlackRock MuniYield Michigan Quality Fund sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q42024-07-310.7%
Q22025-01-31-4.1%
Q42025-07-31-28.7%
Q22026-01-3152.9%
BlackRock MuniYield Michigan Quality Fund annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-07-31USD -1.81N/A
20232023-07-31USD -0.15-91.8%
20242024-07-31USD 0.63N/A
20252025-07-31USD -0.72N/A
BlackRock MuniYield Michigan Quality Fund sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q42024-07-31-56.8%
Q22025-01-31-118.6%
Q42025-07-31-1826.3%
Q22026-01-31250.0%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$13.43M

+5.3%

Gross Profit

$11.90M

+23.3%

Gross Margin

88.59%

N/A

Market Cap

$348.35MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

N/A

N/A

Employees

N/A

N/A

Net Income

$29.64M

+132.4%

EBITDA

$33.70M

+204.5%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$4.35M

-47.6%

Total Debt

$232.09M

+0.2%

Accounts Receivable

$7.93M

+28.5%

Inventory

$0.00

-100.0%

Long Term Debt

$231.58M

+0.0%

Short Term Debt

$511.13K

+26098.5%

Return on Assets

1.66%

N/A

Return on Invested Capital

7.61%

N/A

Free Cash Flow

$7.85M

-46.4%

Operating Cash Flow

$7.85M

-46.4%

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Questions About MIY

What is the current price of BlackRock MuniYield Michigan Quality Fund?

BlackRock MuniYield Michigan Quality Fund is trading at $11.82 per share.

What is the 52-week range for BlackRock MuniYield Michigan Quality Fund?

Over the past 52 weeks, BlackRock MuniYield Michigan Quality Fund has traded between $11.07 and $12.90.

How much debt does BlackRock MuniYield Michigan Quality Fund have?

As of the most recent reporting period, BlackRock MuniYield Michigan Quality Fund reported total debt of $231.58M.

How much cash does BlackRock MuniYield Michigan Quality Fund have on hand?

BlackRock MuniYield Michigan Quality Fund reported $8.50M in cash and cash equivalents in its most recent financial results.

What is BlackRock MuniYield Michigan Quality Fund’s dividend yield?

BlackRock MuniYield Michigan Quality Fund currently has a dividend yield of 5.44%.

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