MYI Ex-Dividend Reminder - 10/11/13

Looking at the universe of stocks we cover at Dividend Channel, on 10/11/13, BlackRock MuniYield Quality Fund III ( MYI) will trade ex-dividend, for its monthly dividend of $0.072, payable on 11/1/13. As a percentage of MYI's recent stock price of $12.65, this dividend works out to approximately 0.57%, so look for shares of BlackRock MuniYield Quality Fund III to trade 0.57% lower — all else being equal — when MYI shares open for trading on 10/11/13.

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Below is a dividend history chart for MYI, showing historical dividends prior to the most recent $0.072 declared by BlackRock MuniYield Quality Fund III:

MYI+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from MYI is likely to continue, and whether the current estimated yield of 6.83% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of MYI shares, versus its 200 day moving average:

BlackRock MuniYield Quality Fund III 200 Day Moving Average Chart

Looking at the chart above, MYI's low point in its 52 week range is $12.05 per share, with $16.54 as the 52 week high point — that compares with a last trade of $12.65.

According to the ETF Finder at ETF Channel, MYI makes up 2.00% of the CEF Municipal Income ETF ( XMPT) which is trading lower by about 0.3% on the day Wednesday.

In Wednesday trading, BlackRock MuniYield Quality Fund III shares are currently trading flat on the day.

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