BlackRock MuniYield Quality Fund III, Inc.
MYIFinancial Services · Stock · monthly payer
Forward Yield
6.79%
Annual Dividend
$0.67
Payout Ratio
175%
5-Yr Growth
3.7%
Ex-Date
Oct 15, 2026
Frequency
Monthly
Summary
As of September 2026, BlackRock MuniYield Quality Fund III, Inc. (MYI) yields 6.79% ($0.67 per share annually), with a blended fair-value estimate of $14.11 — +40% upside, so it screens as undervalued. Dividend safety grade: C (55/100).
Is MYI a good dividend stock?
MixedBlackRock MuniYield Quality Fund III, Inc. (MYI) pays a monthly dividend yielding 6.79% ($0.67/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2023
- Elevated payout ratio (175%)
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 6.79%
- Payout Ratio
- 175%
- Annual Dividend
- $0.67
- 5-Yr Avg Growth
- 3.7%
- Ex-Dividend Date
- Oct 15, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 0.62
- Market Cap
- $647.7M
- P/E Ratio
- 25.6
- 5-Yr Total Return
- -30%
- 52-Week Range
- $9.94 – $11.46
- Dividend Safety
- C · 55/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
MYI Price — Last 12 Months
Daily close
Price Return
1 Year
-8%
3 Years
+5%
5 Years
-30%
52-Week Range
$9.94 – $11.46
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is MYI worth?
Undervaluedmedium confidenceOur blended fair-value estimate for BlackRock MuniYield Quality Fund III, Inc. is $14.11 per share, versus a market price of $10.11. That implies 40% of upside — a margin of safety of about 28%.
Fair Value
$14.11
Current Price
$10.11
Upside
+40%
Margin of Safety
28%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -3.3% annual free-cash-flow growth. We model 4.5% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.4% discount rate (CAPM), 4.5% stage-1 growth, 2.5% terminal growth, $0.38 EPS, $0.67 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
MYI Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full MYI dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 15, 2026 | — | $0.0560 | regular |
| Aug 14, 2026 | — | $0.0560 | regular |
| Jul 15, 2026 | — | $0.0560 | regular |
| Jun 15, 2026 | — | $0.0560 | regular |
| May 15, 2026 | — | $0.0560 | regular |
| Apr 15, 2026 | — | $0.0560 | regular |
| Mar 13, 2026 | — | $0.0560 | regular |
| Feb 6, 2026 | — | $0.0560 | regular |
| Jan 20, 2026 | — | $0.0560 | regular |
| Dec 22, 2025 | — | $0.0560 | regular |
| Nov 14, 2025 | — | $0.0560 | regular |
| Oct 15, 2025 | — | $0.0560 | regular |
| Sep 15, 2025 | — | $0.0560 | regular |
| Aug 15, 2025 | — | $0.0560 | regular |
Income Calculator
At $0.67 / yr per share
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