BlackRock MuniYield Michigan Quality Fund, Inc.
MIYFinancial ServicesNASDAQAsset Management
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Daily timeframePart of the financial services sector, BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) is listed under Asset Management. At a $349.3M market cap, BlackRock MuniYield Michigan Quality Fund, Inc. ranks as a small-cap company within financial services. is a closed-ended fixed income mutual fund launched by BlackRock, Inc.
Market Cap
$349.3M
Beta
0.48
P/E (TTM)
35.47
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
6.3%
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. Annual free cash flow of $3.7M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. Return on equity stands at 2.7%, which is modest for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. 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.
The relatively low beta of 0.48 suggests MIY is a less volatile holding compared to the broader index. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence BlackRock MuniYield Michigan Quality Fund, Inc.'s trajectory.