Ex-Div Reminder For BlackRock MuniYield New York Quality Fund (MYN)

Looking at the universe of stocks we cover at Dividend Channel, on 10/11/13, BlackRock MuniYield New York Quality Fund ( MYN) will trade ex-dividend, for its monthly dividend of $0.071, payable on 11/1/13. As a percentage of MYN's recent stock price of $12.14, this dividend works out to approximately 0.58%, so look for shares of BlackRock MuniYield New York Quality Fund to trade 0.58% lower — all else being equal — when MYN shares open for trading on 10/11/13.

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Below is a dividend history chart for MYN, showing historical dividends prior to the most recent $0.071 declared by BlackRock MuniYield New York Quality Fund:

MYN+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 MYN is likely to continue, and whether the current estimated yield of 7.02% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of MYN shares, versus its 200 day moving average:

BlackRock MuniYield New York Quality Fund 200 Day Moving Average Chart

Looking at the chart above, MYN's low point in its 52 week range is $11.85 per share, with $16.30 as the 52 week high point — that compares with a last trade of $12.14.

In Wednesday trading, BlackRock MuniYield New York Quality Fund shares are currently up about 0.1% on the day.

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