BlackRock MuniYield Michigan Quality Fund logo

BlackRock MuniYield Michigan Quality Fund(NYSE) MIY

Market Cap$337.92MMarket 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)+475%
5 Year-5%
1 Year+7%
1 Month-4%
$11.61
+0.00%
+0.00Today
BlackRock MuniYield Michigan Quality Fund last closing stock price
MetricPriceDate
Last closeUSD 11.612026-10-14
BlackRock MuniYield Michigan Quality Fund stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+3.92%USD 11.172026-10-07
1 month-4.31%USD 12.132026-09-14
3 month-5.13%USD 12.232026-07-16
Year to date+3.38%USD 11.232025-12-31
1 year+7.04%USD 10.842025-10-14
3 year+38.56%USD 8.382023-10-13
5 year-4.92%USD 12.212021-10-15
Since inception+475.41%USD 2.021992-11-04

BlackRock MuniYield Michigan Quality Fund Financials at a Glance

Market Cap

$337.92MMarket 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)

$47.94M

Net Income (TTM)

$9.94M

EPS (TTM)

$1.06

P/E Ratio

10.99

Dividend

$0.65

Beta (Volatility)

0.18 (Low)

Price

$11.61

Volume

27,261.084

Open

$11.53

Previous Close

$11.61

Daily Range

$11.41 - $11.65

52-Week Range

$11.01 - $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, CPA

Headquarters

New York City, NY 10001, US

MIY Financials

Key Financial Metrics (TTM)

Gross Margin

88.66%

Operating Margin

144.61%

Net Income Margin

114.47%

Return on Equity

8.64%

Return on Capital

6.66%

Return on Assets

5.25%

Earnings Yield

9.10%

Dividend Yield

5.61%

Payout Ratio

56.18%

Stock Overview

Market Cap

$337.92MMarket 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

27.26K

Avg. Volume

68.35K

Financials (TTM)

Gross Profit

$47.65M

Operating Income

$53.81M

EBITDA

$53.64M

Operating Cash Flow

$34.78M

Capital Expenditure

$11.00

Free Cash Flow

$34.78M

Cash & ST Invst.

$5.98M

Total Debt

$231.59M

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
20232023-07-31USD 1,296,496-94.4%
20242024-07-31USD 23,746,0641731.6%
20252025-07-31USD 21,101,325-11.1%
20262026-07-31USD 26,842,55127.2%
BlackRock MuniYield Michigan Quality Fund sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-01-31-4.1%
Q42025-07-31-28.7%
Q22026-01-3152.9%
Q42026-07-31-0.1%
BlackRock MuniYield Michigan Quality Fund annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20232023-07-31USD -0.15-91.8%
20242024-07-31USD 0.63N/A
20252025-07-31USD -0.72N/A
20262026-07-31USD 1.06N/A
BlackRock MuniYield Michigan Quality Fund sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-01-31-118.6%
Q42025-07-31-1826.3%
Q22026-01-31250.0%
Q42026-07-31-96.3%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q4 2026YOY CHG

Revenue

$13.41M

+4.4%

Gross Profit

$11.90M

+19.1%

Gross Margin

88.72%

N/A

Market Cap

$337.92MMarket 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

$1.09M

-80.5%

EBITDA

$4.95M

-56.3%

Quarterly Fundamentals

Name
Q4 2026YOY CHG

Total Cash

$5.98M

-45.5%

Total Debt

$231.59M

+0.0%

Accounts Receivable

$6.19M

-11.1%

Inventory

$0.00

N/A

Long Term Debt

$231.59M

+0.0%

Short Term Debt

$2.10K

-75.7%

Return on Assets

5.25%

N/A

Return on Invested Capital

6.63%

N/A

Free Cash Flow

$8.61M

+6.7%

Operating Cash Flow

$8.61M

+6.7%

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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 $11.61 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 $11.01 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 $231.59M.

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

BlackRock MuniYield Michigan Quality Fund reported $5.98M 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 5.61%.

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