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BlackRock MuniYield Michigan Quality Fund, Inc. (MIY)

Financial Services | Asset Management | New York, United States | NYSE
12.38 USD +0.06 (0.487%) ⇧ (July 13, 2026, 4 p.m. EDT)
After hours: 12.38
Short-term:★★⯪☆☆Long-term:★⯪☆☆☆Dividends:★★⯪☆☆
Hot Take ↕ | July 11, 2026, 4:23 a.m. EDT

The most critical issue here is the severe multi-year structural decline. Despite a recent recovery in price, the asset has lost over 30% of its value since the start of the observation window, with six out of nine years showing negative returns. This persistent underperformance suggests a fundamental deterioration in the business or a permanent shift in market valuation for this specific muni fund strategy, making it a poor long-term hold despite the attractive headline yield. The current 5.35% dividend yield is misleading; it is artificially inflated because the share price has collapsed while the payout remains relatively stable. In fact, the payout ratio exceeds 190%, indicating the fund is distributing far more cash than it generates in earnings, which is unsustainable and risks future cuts. While the recent price action shows a slight uptick and the dividend has been consistent recently, the underlying economics are broken. Investors chasing yield here are likely buying a shrinking asset with a fragile income stream.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.010456
AutoETS0.010872
AutoTheta0.011760
MSTL_1260.021755
MSTL0.022785

Forecast horizon: 60 days | Selected: AutoARIMA

Forecast Reliability
Score 62%
H-stat 0.40
Ljung-Box p 0.000
Jarque-Bera p 0.132
Excess Kurtosis -1.26
Attribute Value
Sector Financial Services
Ex Dividend Date 2026-07-14
Last Dividend Date 2026-06-14
Debt to Equity Ratio 64.497
Revenue per Share 0.91
Market Cap 358,583,616
Trailing P/E 36.41
Beta 0.47
Profit Margins 37.46%
Website https://www.blackrock.com/investing/products/240264/blackrock-muniyield-michigan-insured-fund-inc-usd-fund

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.46% 5.62% 5.12% 4.94%
Dividend History
Date Dividend Yield %
2026-06-15 0.055 0.455298
2026-05-15 0.055 0.461023
2026-04-15 0.055 0.456432
2026-03-13 0.055 0.447518
2026-02-13 0.055 0.440000
2026-01-20 0.055 0.453795
2025-12-22 0.055 0.471294
2025-11-14 0.055 0.477845
2025-10-15 0.055 0.478677
2025-09-15 0.055 0.482456
2025-08-15 0.055 0.491071
2025-07-15 0.055 0.509259
2025-06-13 0.055 0.495495
2025-05-15 0.055 0.477845
2025-04-15 0.055 0.493716
2025-03-14 0.055 0.480349
2025-02-14 0.055 0.477016
2025-01-15 0.055 0.481190
2024-12-16 0.055 0.471294
2024-11-15 0.055 0.470890
2024-10-15 0.055 0.461023
2024-09-16 0.047 0.391993
2024-08-15 0.047 0.400682
2024-07-15 0.047 0.405872
2024-06-14 0.047 0.411559
2024-05-14 0.047 0.416667
2024-04-12 0.047 0.417778
2024-03-14 0.047 0.411199
2024-02-14 0.047 0.411919
2024-01-11 0.047 0.411199
2023-12-14 0.047 0.402397
2023-11-14 0.035 0.339476
2023-10-13 0.035 0.356053
2023-09-14 0.035 0.334608
2023-08-14 0.035 0.322581
2023-07-13 0.035 0.312221
2023-06-14 0.035 0.316456
2023-05-12 0.035 0.317893
2023-04-13 0.035 0.311388
2023-03-14 0.035 0.317316
2023-02-14 0.041 0.349233
2023-01-12 0.041 0.352234
2022-12-15 0.041 0.363475
2022-11-14 0.044 0.405530
2022-10-13 0.044 0.362140
2022-09-14 0.056 0.425532
2022-08-12 0.056 0.408759
2022-07-14 0.056 0.419162
2022-06-14 0.056 0.435459
2022-05-13 0.056 0.418223
2022-04-13 0.056 0.449438
2022-03-14 0.056 0.427807
2022-02-14 0.056 0.418535
2022-01-13 0.056 0.375839
2021-12-16 0.056 0.371353
2021-11-12 0.056 0.367937
2021-10-14 0.056 0.355105
2021-09-14 0.056 0.359435
2021-08-13 0.056 0.355781
2021-07-14 0.056 0.359435
2021-06-14 0.056 0.365297
2021-05-13 0.056 0.365535
2021-04-14 0.056 0.368179
2021-03-12 0.056 0.384088
2021-02-12 0.056 0.372340
2021-01-14 0.056 0.388619
2020-12-14 0.056 0.389159
2020-11-13 0.056 0.396040
2020-10-14 0.056 0.398293
2020-09-14 0.051 0.360424
2020-08-13 0.051 0.351482
2020-07-14 0.051 0.365854
2020-06-12 0.051 0.381737
2020-05-14 0.049 0.379257
2020-04-14 0.049 0.372058
2020-03-13 0.049 0.369532
2020-02-13 0.049 0.334699
2020-01-14 0.049 0.341702
2019-12-13 0.049 0.349252
2019-11-14 0.049 0.352518
2019-10-11 0.049 0.346290
2019-09-13 0.049 0.356105
2019-08-14 0.049 0.340751
2019-07-12 0.049 0.351506
2019-06-13 0.052 0.378733
2019-05-14 0.052 0.382634
2019-04-12 0.052 0.385757
2019-03-14 0.052 0.394238
2019-02-14 0.052 0.398467
2019-01-14 0.052 0.407204
2018-12-12 0.052 0.408163
2018-11-14 0.052 0.420372
2018-10-12 0.052 0.422764
2018-09-13 0.052 0.409449
2018-08-14 0.052 0.406568
2018-07-13 0.052 0.402165
2018-06-14 0.057 0.434783
2018-05-14 0.057 0.437452
2018-04-13 0.057 0.431818
2018-03-14 0.057 0.420354
2018-02-14 0.057 0.427286
2018-01-12 0.057 0.413043
2017-12-11 0.061 0.432011
2017-11-14 0.064 0.456165
2017-10-13 0.064 0.457143
2017-09-14 0.064 0.454223
2017-08-11 0.064 0.457143
2017-07-12 0.064 0.452297
2017-06-13 0.064 0.458781
2017-05-11 0.064 0.464441
2017-04-11 0.064 0.464104
2017-03-13 0.064 0.482655
2017-02-13 0.064 0.471281
2017-01-11 0.064 0.467153
2016-12-08 0.065 0.478998
2016-11-10 0.064 0.462094
2016-10-12 0.064 0.436860
2016-09-13 0.064 0.423001
2016-08-11 0.064 0.421607
2016-07-13 0.064 0.413170
2016-06-13 0.064 0.413972
2016-05-12 0.069 0.459387
2016-04-13 0.069 0.461538
2016-03-11 0.069 0.480167
2016-02-11 0.069 0.481507
2016-01-13 0.069 0.494269
2015-12-10 0.069 0.508475
2015-11-12 0.069 0.517241
2015-10-13 0.027 0.204236
2015-09-09 0.125 0.942685
2015-08-12 0.069 0.518407
2015-07-13 0.069 0.516854
2015-06-11 0.072 0.540541
2015-05-13 0.072 0.520607
2015-04-13 0.072 0.508834
2015-03-11 0.072 0.513919
2015-02-11 0.072 0.507042
2015-01-13 0.072 0.506685
2014-12-10 0.072 0.522876
2014-11-12 0.072 0.524781
2014-10-10 0.072 0.530191
2014-09-11 0.072 0.530191
2014-08-13 0.072 0.534125
2014-07-11 0.072 0.521361
2014-06-12 0.074 0.529328
2014-05-13 0.074 0.537400
2014-04-11 0.074 0.562310
2014-03-12 0.074 0.559335
2014-02-12 0.074 0.570108
2014-01-13 0.074 0.576324
2013-12-11 0.075 0.626566
2013-11-13 0.076 0.611916
2013-10-11 0.076 0.613398
2013-09-12 0.077 0.635314
2013-08-13 0.076 0.628619
2013-07-11 0.076 0.575322
2013-06-12 0.076 0.555556
2013-05-13 0.076 0.490006
2013-04-11 0.076 0.495760
2013-03-13 0.076 0.505655
2013-02-13 0.076 0.465686
2013-01-11 0.076 0.455362
2012-12-12 0.077 0.481250
2012-10-11 0.077 0.466950
2012-09-12 0.077 0.485192
2012-08-13 0.077 0.493590
2012-07-12 0.077 0.498060
2012-06-13 0.077 0.495815
2012-05-11 0.077 0.497416
2012-04-12 0.077 0.515050
2012-03-13 0.077 0.492958
2012-02-13 0.077 0.483668
2012-01-11 0.077 0.512991
2011-12-13 0.092 0.617450
2011-11-10 0.077 0.535839
2011-10-12 0.077 0.532503
2011-09-13 0.077 0.550000
2011-08-11 0.077 0.574627
2011-07-13 0.077 0.564930
2011-06-13 0.077 0.567010
2011-05-12 0.077 0.573343
2011-04-13 0.077 0.597826
2011-03-11 0.077 0.599688
2011-02-11 0.077 0.601562
2011-01-12 0.077 0.599222
2010-12-13 0.077 0.585551
2010-11-10 0.077 0.539972
2010-10-13 0.077 0.519568
2010-09-13 0.077 0.512650
2010-08-12 0.075 0.501672
2010-07-13 0.075 0.526316
2010-06-11 0.075 0.532670
2010-05-12 0.075 0.538793
2010-04-13 0.075 0.556793
2010-03-11 0.075 0.559702
2010-02-10 0.075 0.569044
2010-01-13 0.075 0.570776
2009-12-11 0.075 0.579598
2009-11-10 0.073 0.565891
2009-10-13 0.073 0.551776
2009-09-11 0.073 0.560246
2009-08-12 0.067 0.542950
2009-07-13 0.067 0.572161
2009-06-11 0.067 0.580589
2009-05-13 0.054 0.484740
2009-04-13 0.054 0.524781
2009-03-12 0.054 0.549898
2009-02-11 0.054 0.495868
2009-01-13 0.054 0.497238
2008-12-11 0.054 0.641330
2008-11-12 0.054 0.543260
2008-10-10 0.054 0.690537
2008-09-11 0.054 0.439382
2008-08-13 0.054 0.441537
2008-07-11 0.054 0.432692
2008-06-12 0.054 0.414110
2008-05-13 0.059 0.435424
2008-04-11 0.059 0.443276
2008-03-12 0.059 0.455951
2008-02-13 0.059 0.425685
2008-01-17 0.059 0.429091
2007-12-12 0.059 0.451761
2007-11-13 0.059 0.448669
2007-10-11 0.059 0.429091
2007-09-12 0.059 0.419332
2007-08-13 0.059 0.443276
2007-07-12 0.059 0.432551
2007-06-13 0.059 0.429091
2007-05-11 0.059 0.410864
2007-04-12 0.059 0.410007
2007-03-13 0.059 0.406336
2007-02-13 0.059 0.411150
2007-01-11 0.059 0.411437
2006-12-13 0.059 0.406897
2006-11-10 0.063 0.431212
2006-10-12 0.063 0.430328
2006-09-13 0.063 0.430917
2006-08-10 0.063 0.434783
2006-07-13 0.063 0.446176
2006-06-09 0.063 0.428571
2006-05-11 0.072 0.475561
2006-04-12 0.072 0.478405
2006-03-10 0.072 0.480000
2006-02-10 0.072 0.466926
2006-01-13 0.072 0.463619
2005-12-13 0.081 0.520231
2005-11-10 0.081 0.535714
2005-10-13 0.081 0.522244
2005-09-12 0.081 0.516911
2005-08-11 0.081 0.517241
2005-07-12 0.081 0.518234
2005-06-10 0.081 0.525292
2005-05-11 0.081 0.531148
2005-04-13 0.081 0.534653
2005-03-11 0.081 0.535007
2005-02-11 0.081 0.524611
2005-01-14 0.081 0.523256
2004-12-13 0.084 0.546164
2004-11-09 0.084 0.566419
2004-10-13 0.084 0.548661
2004-09-10 0.084 0.552632
2004-08-12 0.084 0.567951
2004-07-13 0.084 0.574163
2004-06-10 0.084 0.593220
2004-05-12 0.084 0.615385
2004-04-14 0.084 0.591549
2004-03-11 0.084 0.544394
2004-02-11 0.084 0.547588
2004-01-14 0.082 0.533507
2003-12-15 0.082 0.551446
2003-11-12 0.082 0.567867
2003-10-15 0.082 0.563961
2003-09-12 0.082 0.569049
2003-08-13 0.082 0.573427
2003-07-15 0.082 0.543767
2003-06-12 0.082 0.521961
2003-05-14 0.082 0.540897
2003-04-14 0.082 0.563574
2003-03-13 0.082 0.571429
2003-02-12 0.082 0.577465
2003-01-14 0.079 0.565497
2002-12-11 0.079 0.567529
2002-11-12 0.079 0.557910
2002-10-16 0.079 0.547091
2002-09-13 0.079 0.533063
2002-08-15 0.079 0.543703
2002-07-16 0.080 0.551724
2002-06-13 0.079 0.556338
2002-05-16 0.079 0.570397
2002-04-15 0.079 0.580882
2002-03-14 0.080 0.574713
2002-02-13 0.080 0.567376
2002-01-11 0.074 0.534682
2001-12-18 0.074 0.551416
2001-11-16 0.074 0.522968
2001-10-12 0.074 0.523708
2001-08-16 0.070 0.498931
2001-07-13 0.068 0.500000
2001-06-15 0.068 0.499266
2001-05-14 0.068 0.499266
2001-04-11 0.066 0.494012
2001-03-15 0.066 0.488166
2001-02-14 0.066 0.487085
2001-01-11 0.065 0.485981
2000-12-18 0.065 0.522613
2000-11-16 0.065 0.547368
2000-10-13 0.065 0.547368
2000-09-14 0.065 0.527919
2000-08-16 0.065 0.525253
2000-07-13 0.066 0.544330
2000-06-15 0.066 0.561702
2000-05-12 0.066 0.589944
2000-04-13 0.057 0.480000
2000-03-01 0.069 0.581053
2000-02-15 0.069 0.572021
2000-01-13 0.069 0.566154
1999-12-21 0.069 0.590374
1999-11-18 0.070 0.577320
1999-10-20 0.069 0.557576
1999-09-20 0.069 0.533333
1999-08-19 0.069 0.523223
1999-07-21 0.068 0.496804
1999-06-21 0.069 0.492857
1999-05-19 0.066 0.467257
1999-04-20 0.070 0.476596
1999-03-22 0.064 0.414575
1999-02-17 0.074 0.477419
1999-01-20 0.081 0.516335
1998-12-21 0.291 1.777099
1998-11-18 0.076 0.478740
1998-10-20 0.071 0.452590
1998-09-18 0.071 0.463673
1998-08-19 0.070 0.470588
1998-07-21 0.067 0.458120
1998-06-18 0.068 0.466953
1998-05-19 0.068 0.479295
1998-04-20 0.072 0.512000
1998-03-19 0.065 0.444444
1998-02-17 0.072 0.476033
1998-01-20 0.071 0.479325
1997-12-17 0.068 0.466953
1997-11-13 0.071 0.487554
1997-10-16 0.069 0.477922
1997-09-16 0.070 0.480687
1997-08-14 0.070 0.495575
1997-07-17 0.070 0.486957
1997-06-17 0.072 0.505263
1997-05-15 0.068 0.499083
1997-04-16 0.072 0.543396
1997-03-18 0.066 0.484404
1997-02-18 0.070 0.509091
1997-01-17 0.072 0.523636
1996-12-18 0.071 0.507143
1996-11-14 0.073 0.512281
1996-10-17 0.070 0.491228
1996-09-13 0.072 0.509735
1996-08-15 0.072 0.509735
1996-07-18 0.072 0.505263
1996-06-14 0.074 0.528571
1996-05-17 0.071 0.502655
1996-04-17 0.074 0.533333
1996-03-15 0.071 0.502655
1996-02-15 0.074 0.514783
1996-01-17 0.071 0.507143
1995-12-20 0.070 0.504505
1995-11-21 0.075 0.560748
1995-10-18 0.070 0.523364
1995-09-20 0.072 0.543396
1995-08-21 0.077 0.586667
1994-09-13 0.074 0.580392
1994-08-15 0.075 0.566038
1994-07-12 0.072 0.505263
1994-06-14 0.075 0.508475
1994-05-11 0.075 0.517241
1994-04-12 0.075 0.517241
1994-03-15 0.075 0.500000
1994-02-09 0.076 0.490323
1994-01-11 0.079 0.486154
1993-12-14 0.079 0.497638
1993-11-12 0.084 0.541935
1993-09-14 0.082 0.496970
1993-08-16 0.081 0.514286
1993-07-13 0.080 0.492308
1993-06-14 0.082 0.516535
1993-05-12 0.076 0.494309
1993-04-13 0.076 0.490323
1993-03-15 0.077 0.500813
1993-02-09 0.080 0.512000
1993-01-12 0.143 0.922581
Additional Data
dividendRate 0.65
dividendYield 5.31
exDividendDate 2026-07-15
trailingAnnualDividendRate 0.657
trailingAnnualDividendYield 0.053327926
lastDividendValue 0.055
lastDividendDate 2026-06-15
dividendDate 2019-02-01

Info Dump

Attribute Value
52 Week Change 0.12614262
Address1 50 Hudson Yards
All Time High 17.02
All Time Low 7.0
Ask 0.0
Ask Size 400
Average Daily Volume10 Day 53,090
Average Daily Volume3 Month 60,095
Average Volume 60,095
Average Volume10Days 53,090
Beta 0.472
Bid 11.65
Bid Size 500
Book Value 12.424
City New York
Country United States
Crypto Tradeable 0
Currency USD
Current Price 12.38
Current Ratio 3.106
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 12.42
Day Low 12.28
Debt To Equity 64.497
Display Name BlackRock MuniYield Michigan Quality Fund
Dividend Date 1,548,979,200
Dividend Rate 0.65
Dividend Yield 5.31
Earnings Timestamp End 1,744,023,540
Earnings Timestamp Start 1,744,023,540
Ebitda Margins 0.0
Eps Trailing Twelve Months 0.34
Esg Populated 0
Ex Dividend Date 1,784,073,600
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 212 810 5801
Fifty Day Average 12.09
Fifty Day Average Change 0.28999996
Fifty Day Average Change Percent 0.023986762
Fifty Two Week Change Percent 12.614262
Fifty Two Week High 12.9
Fifty Two Week High Change -0.5199995
Fifty Two Week High Change Percent -0.04031004
Fifty Two Week Low 10.57
Fifty Two Week Low Change 1.8100004
Fifty Two Week Low Change Percent 0.1712394
Fifty Two Week Range 10.57 - 12.9
Financial Currency USD
First Trade Date Milliseconds 720,887,400,000
Five Year Avg Dividend Yield 4.93
Free Cashflow 3,666,764
Full Exchange Name NYSE
Gmt Off Set Milliseconds -14,400,000
Gross Margins 1.0
Gross Profits 26,353,952
Has Pre Post Market Data 1
Held Percent Insiders 0.0
Held Percent Institutions 0.14896
Implied Shares Outstanding 28,964,750
Industry Asset Management
Industry Disp Asset Management
Industry Key asset-management
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,781,481,600
Last Dividend Value 0.055
Last Fiscal Year End 1,753,920,000
Long Business Summary 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.
Long Name BlackRock MuniYield Michigan Quality Fund, Inc.
Market us_market
Market Cap 358,583,616
Market State PREPRE
Max Age 86,400
Message Board Id finmb_6158028
Most Recent Quarter 1,769,817,600
Net Income To Common 9,871,820
Next Fiscal Year End 1,785,456,000
Non Diluted Market Cap 356,845,720
Open 12.35
Operating Cashflow 18,420,462
Operating Margins 0.86642
Payout Ratio 1.9235001
Phone 212 810 5300
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 12.38
Post Market Time 1,783,976,700
Previous Close 12.32
Price Hint 2
Price To Book 0.9964585
Price To Sales Trailing12 Months 13.606445
Profit Margins 0.37459
Quick Ratio 3.06
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change 0.0600004
Regular Market Change Percent 0.487016
Regular Market Day High 12.42
Regular Market Day Low 12.28
Regular Market Day Range 12.28 - 12.42
Regular Market Open 12.35
Regular Market Previous Close 12.32
Regular Market Price 12.38
Regular Market Time 1,783,972,802
Regular Market Volume 43,619
Return On Assets 0.023729999
Return On Equity 0.027090002
Revenue Growth 0.039
Revenue Per Share 0.91
Sand P52 Week Change 0.20847368
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Shares Outstanding 28,964,750
Shares Percent Shares Out 0.002
Shares Short 58,662
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 57,044
Short Name Blackrock MuniYield Michigan Qu
Short Percent Of Float 0.002
Short Ratio 0.96
Source Interval 15
State NY
Symbol MIY
Total Debt 232,092,944
Total Revenue 26,353,952
Tradeable 0
Trailing Annual Dividend Rate 0.657
Trailing Annual Dividend Yield 0.053327926
Trailing Eps 0.34
Trailing P E 36.411766
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 11.9171
Two Hundred Day Average Change 0.46290016
Two Hundred Day Average Change Percent 0.038843356
Type Disp Equity
Volume 43,619
Website https://www.blackrock.com/investing/products/240264/blackrock-muniyield-michigan-insured-fund-inc-usd-fund
Zip 10,001