BlackRock MuniYield Michigan Quality Fund, Inc.
MIYFinancial ServicesNASDAQAsset Management
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Daily timeframeHeadquartered within the financial services sector, BlackRock MuniYield Michigan Quality Fund, Inc. focuses on Asset Management services and products. BlackRock MuniYield Michigan Quality Fund, Inc. The $356.3M market capitalization puts MIY squarely in small-cap range for its industry. is a closed-ended fixed income mutual fund launched by BlackRock, Inc.
Market Cap
$356.3M
Beta
0.47
P/E (TTM)
36.18
P/E (Fwd)
—
EPS (TTM)
$0.34
EPS (Fwd)
—
ROE
2.7%
ROA
2.4%
Cash
—
Total Debt
$232.1M
Free CF
$3.7M
52W Change
15.5%
Annual Financials
Cash vs Debt
BlackRock MuniYield Michigan Quality Fund, Inc. carries $232.1M in total debt, a figure that investors should evaluate relative to the company's earnings power. Free cash flow comes in at $3.7M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. ROE of 2.7% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 2.4% is on the lower side, which is common in asset-heavy industries. Revenue has been uneven over recent years, ranging from $24.6M to $18.6M.
MIY's low beta indicates it tends to be less volatile than the broader market, which may suit investors seeking more stable price behavior. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for BlackRock MuniYield Michigan Quality Fund, Inc. and its sector.