MIY:NYE-BlackRock MuniYield MI Quality Closed Fund (USD)

FUND | Security & Protection Services |

Last Closing

USD 11.91

Change

-0.06 (-0.46)%

Market Cap

USD 0.15B

Volume

0.06M

Analyst Target

N/A
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

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.

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

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Relative Returns (From:    To: 2024-09-18 )

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ETFs Containing MIY

N/A

Market Performance

  Market Performance vs. Industry/Classification (Security & Protection Services) Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 4.84% 23% F 44% F
Dividend Return 4.09% 67% D+ 73% C
Total Return 8.93% 23% F 48% F
Trailing 12 Months  
Capital Gain 13.43% 31% F 53% F
Dividend Return 5.09% 67% D+ 67% D+
Total Return 18.51% 31% F 56% F
Trailing 5 Years  
Capital Gain -14.50% 38% F 28% F
Dividend Return 19.69% 73% C 68% D+
Total Return 5.19% 31% F 32% F
Average Annual (5 Year Horizon)  
Capital Gain -4.44% 8% B- 18% F
Dividend Return -0.36% 8% B- 23% F
Total Return 4.08% 73% C 72% C
Risk Return Profile  
Volatility (Standard Deviation) 12.63% 100% F 71% C-
Risk Adjusted Return -2.87% 8% B- 23% F
Market Capitalization 0.15B 17% F 32% F

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Underpriced compared to book value

The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Underpriced on free cash flow basis

The stock is trading low compared to its peers on a price to free cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

What to not like:
Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

Poor return on assets

The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.

Poor return on equity

The company management has delivered below median return on equity in the most recent 4 quarters compared to its peers.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.