BlackRock MuniYield New Jersey Fund, Inc (MYJ) to Issue $0.06 Monthly Dividend

BlackRock MuniYield New Jersey Fund, Inc (NYSE:MYJ) declared a monthly dividend on Monday, February 4th, Wall Street Journal reports. Stockholders of record on Friday, February 15th will be paid a dividend of 0.0605 per share by the investment management company on Friday, March 1st. This represents a $0.73 dividend on an annualized basis and a dividend yield of 5.30%. The ex-dividend date is Thursday, February 14th.

BlackRock MuniYield New Jersey Fund has decreased its dividend payment by an average of 5.6% per year over the last three years.

Shares of MYJ stock opened at $13.70 on Friday. BlackRock MuniYield New Jersey Fund has a 12 month low of $12.54 and a 12 month high of $14.91.

In other news, insider Theodore R. Jaeckel, Jr. acquired 3,442 shares of the stock in a transaction dated Monday, December 31st. The shares were acquired at an average cost of $12.95 per share, for a total transaction of $44,573.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Theodore R. Jaeckel, Jr. acquired 3,300 shares of the stock in a transaction dated Thursday, November 29th. The shares were purchased at an average price of $13.12 per share, for a total transaction of $43,296.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 21,207 shares of company stock valued at $275,488. Corporate insiders own 1.00% of the company’s stock.

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BlackRock MuniYield New Jersey Fund Company Profile

There is no company description available for BlackRock MuniYield New Jersey.

Further Reading: Why do companies issue convertible shares?

Dividend History for BlackRock MuniYield New Jersey Fund (NYSE:MYJ)

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