# Blackrock MuniYield Michigan Quality Fund Inc. (MIY) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Financial Services / Capital Markets. Price $12.46, market value $361 million.

## Valuation
- **P/E (trailing): 36.6×** (5-yr avg 16.0×, 3-yr avg 16.0×). Blackrock MuniYield Michigan Quality Fund Inc. trades at 36.6× trailing earnings, well above its own five-year average of 16.0×: investors are paying up relative to the company's past. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 19.4×**. Each dollar of revenue is priced at 19.4×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 1.0×**. The shares trade at 1.0× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 6.3%** (5-yr avg 10.3%). Free cash flow equals 6.3% of the market value, below its five-year average of 10.3%, so the shares are pricier on cash than usual. Above 5% is generally attractive.
- **Earnings yield: 2.7%**. The inverse of the P/E: 2.7% of the price is earned each year.

## Profitability
- **Net margin: 98.6%**. 98.6% of each dollar of sales reaches the bottom line.
- **Return on equity: 4.8%**. 4.8% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on assets: 3.0%**. Each dollar of assets produces 3.0% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 564.2%**. Revenue grew 564.2% over the last year.
- **EPS growth (1 yr): 600.0%**. Earnings per share rose 600.0%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 5.24%** ($0.66 per share, trailing). Blackrock MuniYield Michigan Quality Fund Inc. yields 5.24%, an income-level yield.
- **Payout ratio: 74%** (59% of free cash flow). 74% of earnings goes out as dividends, leaving a thin cushion.
- **Consecutive years of increases: 2**. 2 straight years of increases.
- **Dividend growth (5 yr): 1.4%/yr** (1-yr 12.2%). The dividend has grown 1.4% a year over five years.
- **Shareholder yield: 6.0%**. Dividends plus net buybacks return 6.0% of the market value a year.

## Price and momentum
- **Total return (1 yr): 17.0%** (YTD 9.5%, 3-mo 3.6%). The shares are up 17.0% over twelve months including dividends.
- **From 52-week high: -3.4%** (12.6% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 50**. An RSI of 50 is neutral.
- **Beta (1 yr): 0.23** (volatility 12%). Beta of 0.23 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=MIY · Page: https://foliofundamentals.com/stocks/miy

Not investment advice.