Symbols / MIY Stock $11.91 +0.34% BlackRock MuniYield Michigan Quality Fund, Inc.

Financial Services • Asset Management • United States • NYQ
MIY (Stock) Chart
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Asset Management
CEO
Exch · Country NYQ · United States
Market Cap 344.97M
Enterprise Value
Income 9.87M
Sales 26.35M
FCF (ttm) 3.67M
Book/sh 12.42
Cash/sh
Employees
Insider 10d
IPO Nov 04, 1992
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 192.35%
P/E 35.03
Forward P/E
PEG
P/S 13.09
P/B 0.96
P/C
EV/EBITDA
EV/Sales
Quick Ratio 3.06
Current Ratio 3.11
Debt/Eq 64.50
LT Debt/Eq
EPS (ttm) 0.34
EPS next Y
EPS Growth
Revenue Growth 3.90%
EPS Gr Q/Q
Rev Gr Q/Q
Earnings (next)
Earnings (prior)
ROA 2.37%
ROE 2.71%
ROIC
Gross Margin 100.00%
Oper. Margin 86.64%
Profit Margin 37.46%
Shs Outstand 28.96M
Shs Float
Insider Own 0.00%
Instit Own 16.79%
Short Float 0.13%
Short Ratio 0.61
Short Interest 38.65K
52W High 12.90
vs 52W High -7.67%
52W Low 10.57
vs 52W Low 12.68%
Beta 0.51
Impl. Vol.
Rel Volume 0.45
Avg Volume 64.94K
Volume 29.05K
Target (mean)
Tgt Median
Tgt Low
Tgt High
# Analysts
Recom None
Prev Close $11.87
Price $11.91
Change 0.34%
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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus Mean price target
2. Current target Latest analyst target
3. DCF / Fair value Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$11.91
Low
High
Mean
Insider Transactions

No recent insider transactions.

Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2024-07-31 2023-07-31 2022-07-31 2021-07-31
Total Revenue
18.58
+564.23%
-4.00
+92.47%
-53.17
-316.42%
24.57
Operating Revenue
18.58
+564.23%
-4.00
+92.47%
-53.17
-316.42%
24.57
Operating Expense
0.18
-46.15%
0.34
-0.44%
0.34
+7.89%
0.32
Selling General And Administration
0.30
-4.15%
0.31
-0.41%
0.31
+10.09%
0.28
General And Administrative Expense
0.30
-4.15%
0.31
-0.41%
0.31
+10.09%
0.28
Other Operating Expenses
-0.11
-459.89%
0.03
-0.73%
0.03
-9.82%
0.04
Total Unusual Items
-0.07
0.00
Total Unusual Items Excluding Goodwill
-0.07
0.00
Special Income Charges
-0.07
0.00
Restructuring And Mergern Acquisition
0.07
0.00
Net Income
18.32
+521.78%
-4.34
+91.88%
-53.51
-320.69%
24.25
Pretax Income
18.32
+521.78%
-4.34
+91.88%
-53.51
-320.69%
24.25
Net Interest Income
14.93
+267.85%
-8.89
-161.53%
-3.40
-23.22%
-2.76
Interest Expense
10.23
+15.09%
8.89
+161.53%
3.40
+23.22%
2.76
Interest Income
25.16
0.00
0.00
0.00
Gain On Sale Of Security
-1.85
+92.11%
-23.48
-1003.43%
-2.13
-753.17%
0.33
Tax Rate For Calcs
0.00
0.00
0.00
-100.00%
0.00
Tax Effect Of Unusual Items
-0.01
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
18.32
+521.78%
-4.34
+91.88%
-53.51
-320.69%
24.25
Net Income From Continuing Operation Net Minority Interest
18.32
+521.78%
-4.34
+91.88%
-53.51
-320.69%
24.25
Net Income From Continuing And Discontinued Operation
18.32
+521.78%
-4.34
+91.88%
-53.51
-320.69%
24.25
Net Income Continuous Operations
18.32
+521.78%
-4.34
+91.88%
-53.51
-320.69%
24.25
Normalized Income
18.38
+522.99%
-4.34
+91.88%
-53.51
-320.69%
24.25
Net Income Common Stockholders
18.32
+521.78%
-4.34
+91.88%
-53.51
-320.69%
24.25
Diluted EPS
0.65
+600.00%
-0.13
+92.82%
-1.81
-320.73%
0.82
Basic EPS
0.65
+600.00%
-0.13
+92.82%
-1.81
-320.73%
0.82
Basic Average Shares
28.19
-15.64%
33.42
+13.04%
29.56
-0.02%
29.57
Diluted Average Shares
28.19
-15.64%
33.42
+13.04%
29.56
-0.02%
29.57
Diluted NI Availto Com Stockholders
18.32
+521.78%
-4.34
+91.88%
-53.51
-320.69%
24.25
Line Item Trend 2023-07-31
Total Assets
616.70
Cash And Cash Equivalents
Cash Financial
Receivables
6.51
Prepaid Assets
0.11
Investments And Advances
610.09
Total Liabilities Net Minority Interest
238.53
Payables
0.59
Accounts Payable
0.12
Other Payable
0.47
Long Term Debt And Capital Lease Obligation
0.05
Preferred Securities Outside Stock Equity
231.55
Stockholders Equity
378.17
Common Stock Equity
378.17
Capital Stock
413.41
Common Stock
413.41
Share Issued
29.23
Ordinary Shares Number
29.23
Retained Earnings
-35.24
Total Equity Gross Minority Interest
378.17
Total Capitalization
378.22
Invested Capital
378.22
Total Debt
0.05
Net Debt
0.05
Net Tangible Assets
378.17
Tangible Book Value
378.17
Available For Sale Securities
Cash Cash Equivalents And Federal Funds Sold
0.00
Financial Assets Designatedas Fair Value Through Profitor Loss Total
610.09
Investmentin Financial Assets
610.09
Preferred Shares Number
0.00
Line Item Trend 2024-07-31 2023-07-31 2022-07-31 2021-07-31
Operating Cash Flow
22.71
-57.99%
54.07
+174.30%
19.71
+1.23%
19.47
Net Income From Continuing Operations
18.32
+521.78%
-4.34
+91.88%
-53.51
-320.69%
24.25
Other Non Cash Items
2.10
-46.06%
3.89
-26.82%
5.31
+21.11%
4.38
Gain Loss On Investment Securities
1.89
-96.51%
54.24
-19.49%
67.37
+824.19%
-9.30
Change In Working Capital
0.40
+39.97%
0.28
-47.05%
0.54
+273.58%
0.14
Change In Receivables
0.54
-14.12%
0.62
+166.88%
0.23
+51.90%
0.15
Change In Prepaid Assets
-0.04
-246.47%
0.03
+424.37%
0.01
+124.74%
-0.02
Change In Accrued Expense
0.01
+221.35%
-0.01
-477.65%
-0.00
-102.43%
0.04
Change In Payable
-0.10
+71.73%
-0.36
-221.16%
0.30
+1285.36%
-0.03
Change In Other Current Liabilities
0.00
0.00
0.00
0.00
Financing Cash Flow
-22.71
+57.99%
-54.07
-174.30%
-19.71
-1.23%
-19.47
Net Issuance Payments Of Debt
-0.04
-183.10%
0.05
0.00
0.00
Issuance Of Debt
0.05
0.00
0.00
Repayment Of Debt
-0.04
0.00
0.00
0.00
Long Term Debt Issuance
0.05
0.00
0.00
Long Term Debt Payments
-0.04
0.00
0.00
0.00
Net Long Term Debt Issuance
-0.04
-183.10%
0.05
0.00
0.00
Net Common Stock Issuance
-2.84
+13.29%
-3.28
0.00
Common Stock Payments
-2.84
+13.29%
-3.28
0.00
Common Stock Dividend Paid
-13.50
+15.16%
-15.91
+19.41%
-19.75
-1.85%
-19.39
Cash Dividends Paid
-13.50
+15.16%
-15.91
+19.41%
-19.75
-1.85%
-19.39
Repurchase Of Capital Stock
-2.84
+13.29%
-3.28
0.00
Net Other Financing Charges
-6.32
+81.90%
-34.92
-98593.42%
0.04
+142.39%
-0.08
Changes In Cash
0.00
0.00
0.00
0.00
Beginning Cash Position
0.00
0.00
0.00
0.00
End Cash Position
0.00
0.00
0.00
0.00
Free Cash Flow
22.71
-57.99%
54.07
+174.30%
19.71
+1.23%
19.47
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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