BlackRock MuniYield Quality Fund III (MYI) Dividend

BlackRock MuniYield Quality Fund III, Inc. · Financial Services · Asset Management · monthly payer

$10.29

As of Nov 8, 2026, BlackRock MuniYield Quality Fund III (MYI) pays a monthly dividend of $0.0560 per share, or $0.67 a year, a 6.47% yield at its $10.29 share price. The next ex-dividend date is Nov 13, 2026, paid Nov 27, 2026. It has a dividend safety grade of C.

Forward Yield

6.47%

Annual Dividend

$0.67

Payout Ratio

79%

5-Yr Growth

3.7%

Ex-Date

Nov 13, 2026

Frequency

Monthly

Key facts about MYI's dividend

Data as of Nov 8, 2026 · Source: SmarterDividends data

As of Nov 8, 2026, BlackRock MuniYield Quality Fund III, Inc. (MYI) has a forward dividend yield of 6.47%, based on an annual dividend of $0.67 per share and a share price of $10.29.
As of Nov 8, 2026, MYI's dividend safety grade from SmarterDividends is C (59 out of 100), which rates the dividend as borderline.
MYI last cut its regular dividend in 2023.
MYI's next ex-dividend date is Nov 13, 2026, with payment on Nov 27, 2026. Shares must be owned before that date to receive the dividend.
As of Nov 8, 2026, MYI pays out 79% of its trailing 12-month earnings as dividends (its payout ratio).
MYI's dividend has grown at an average rate of 3.7% a year over the past five years.
As of Nov 8, 2026, MYI's 6.47% yield is 24% above its five-year average yield of 5.22%.
As of Nov 8, 2026, SmarterDividends' blended fair-value estimate for MYI is $13.74 per share, 34% above the $10.29 share price, so MYI screens as undervalued.
BlackRock MuniYield Quality Fund III, Inc. (MYI) pays its dividend monthly, 12 times a year.
BlackRock MuniYield Quality Fund III, Inc. (MYI) has raised its regular dividend 54 times and cut it 59 times across the 409 payments on record since 1992. Its most recent change was a 36.6% increase to $0.0560 per share, going ex-dividend on Dec 14, 2023. The last cut went ex-dividend on Oct 13, 2022.

Cite this page

SmarterDividends, "MYI Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 8, 2026, https://smarterdividends.com/stocks/MYI

Is MYI a good dividend stock?

Yes, with caveats

BlackRock MuniYield Quality Fund III, Inc. (MYI) pays a monthly dividend yielding 6.47% ($0.67/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

Risks

Cut its dividend in 2023
Share price is down over the past 5 years

Key Data

Dividend Yield: 6.47%
Payout Ratio: 79%
Annual Dividend: $0.67
5-Yr Avg Growth: 3.7%
Ex-Dividend Date: Nov 13, 2026
Years of Growth: 0
Frequency: monthly
Beta: 0.66
Market Cap: $1.3B
P/E Ratio: 12.3
5-Yr Total Return: -30%
52-Week Range: $9.37 – $11.46
Dividend Safety: C · 59/100
Ever Cut?: Yes (2023)

MYI dividend raises and cuts

BlackRock MuniYield Quality Fund III, Inc. (MYI) has raised its regular dividend 54 times and cut it 59 times across the 409 payments on record since 1992. Its most recent change was a 36.6% increase to $0.0560 per share, going ex-dividend on Dec 14, 2023. The last cut went ex-dividend on Oct 13, 2022.

Ex-date	Change	Old → new	Move
Dec 14, 2023	Raise	$0.0410 → $0.0560	+36.6%
Oct 13, 2022	Cut	$0.0520 → $0.0410	−21.2%
Oct 14, 2020	Raise	$0.0450 → $0.0520	+15.6%
Jul 12, 2019	Cut	$0.0510 → $0.0450	−11.8%
Jul 13, 2018	Cut	$0.0590 → $0.0510	−13.6%
Jan 12, 2018	Cut	$0.0640 → $0.0590	−7.8%
Dec 11, 2017	Cut	$0.0680 → $0.0640	−5.9%
Jun 13, 2016	Cut	$0.0740 → $0.0680	−8.1%
Jan 13, 2015	Cut	$0.0750 → $0.0740	−1.3%
Dec 10, 2014	Raise	$0.0740 → $0.0750	+1.4%
Mar 12, 2014	Raise	$0.0720 → $0.0740	+2.8%
Jan 11, 2013	Cut	$0.0750 → $0.0720	−4.0%

Show all 113 changes since 1992

Ex-date	Change	Old → new	Move
Dec 12, 2012	Raise	$0.0720 → $0.0750	+4.2%
Jan 11, 2012	Cut	$0.0740 → $0.0720	−2.7%
Dec 13, 2011	Raise	$0.0720 → $0.0740	+2.8%
Sep 13, 2010	Raise	$0.0710 → $0.0720	+1.4%
Jun 11, 2010	Raise	$0.0660 → $0.0710	+7.6%
Mar 11, 2010	Raise	$0.0610 → $0.0660	+8.2%
Jun 11, 2009	Raise	$0.0560 → $0.0610	+8.9%
Dec 13, 2006	Cut	$0.0580 → $0.0560	−3.4%
Jun 9, 2006	Cut	$0.0680 → $0.0580	−14.7%
Jan 13, 2006	Cut	$0.0750 → $0.0680	−9.3%
Sep 12, 2005	Cut	$0.0800 → $0.0750	−6.3%
Jan 14, 2005	Cut	$0.0810 → $0.0800	−1.2%
Feb 11, 2004	Raise	$0.0780 → $0.0810	+3.8%
Nov 12, 2003	Cut	$0.0790 → $0.0780	−1.3%
Oct 15, 2003	Raise	$0.0780 → $0.0790	+1.3%
Aug 13, 2003	Cut	$0.0790 → $0.0780	−1.3%
Jun 12, 2003	Raise	$0.0780 → $0.0790	+1.3%
Jan 14, 2003	Cut	$0.0790 → $0.0780	−1.3%
Dec 11, 2002	Raise	$0.0780 → $0.0790	+1.3%
Aug 15, 2002	Cut	$0.0790 → $0.0780	−1.3%
Jul 16, 2002	Raise	$0.0780 → $0.0790	+1.3%
Apr 15, 2002	Cut	$0.0790 → $0.0780	−1.3%
Feb 13, 2002	Cut	$0.0800 → $0.0790	−1.3%
Jan 11, 2002	Cut	$0.0830 → $0.0800	−3.6%
Dec 18, 2001	Raise	$0.0800 → $0.0830	+3.8%
Nov 16, 2001	Raise	$0.0750 → $0.0800	+6.7%
May 14, 2001	Raise	$0.0720 → $0.0750	+4.2%
Feb 14, 2001	Raise	$0.0700 → $0.0720	+2.9%
Feb 15, 2000	Cut	$0.0720 → $0.0700	−2.8%
Dec 21, 1999	Cut	$0.0730 → $0.0720	−1.4%
Oct 20, 1999	Raise	$0.0720 → $0.0730	+1.4%
Jul 21, 1999	Raise	$0.0710 → $0.0720	+1.4%
Jun 21, 1999	Raise	$0.0700 → $0.0710	+1.4%
May 19, 1999	Cut	$0.0720 → $0.0700	−2.8%
Apr 20, 1999	Raise	$0.0680 → $0.0720	+5.9%
Mar 22, 1999	Cut	$0.0750 → $0.0680	−9.3%
Feb 17, 1999	Cut	$0.0820 → $0.0750	−8.5%
Nov 18, 1998	Raise	$0.0720 → $0.0820	+13.9%
Oct 20, 1998	Cut	$0.0750 → $0.0720	−4.0%
Sep 18, 1998	Raise	$0.0730 → $0.0750	+2.7%
Aug 19, 1998	Raise	$0.0700 → $0.0730	+4.3%
Jul 21, 1998	Cut	$0.0720 → $0.0700	−2.8%
Jun 18, 1998	Raise	$0.0700 → $0.0720	+2.9%
May 19, 1998	Cut	$0.0760 → $0.0700	−7.9%
Jan 20, 1998	Raise	$0.0750 → $0.0760	+1.3%
Nov 13, 1997	Raise	$0.0730 → $0.0750	+2.7%
Oct 16, 1997	Cut	$0.0750 → $0.0730	−2.7%
Sep 16, 1997	Cut	$0.0760 → $0.0750	−1.3%
Aug 14, 1997	Cut	$0.0780 → $0.0760	−2.6%
Jul 17, 1997	Cut	$0.0820 → $0.0780	−4.9%
Jun 17, 1997	Raise	$0.0780 → $0.0820	+5.1%
May 15, 1997	Cut	$0.0800 → $0.0780	−2.5%
Apr 16, 1997	Raise	$0.0760 → $0.0800	+5.3%
Dec 18, 1996	Cut	$0.0780 → $0.0760	−2.6%
Nov 14, 1996	Raise	$0.0750 → $0.0780	+4.0%
Oct 17, 1996	Cut	$0.0780 → $0.0750	−3.8%
Sep 13, 1996	Raise	$0.0760 → $0.0780	+2.6%
Aug 15, 1996	Raise	$0.0720 → $0.0760	+5.6%
Jul 18, 1996	Cut	$0.0750 → $0.0720	−4.0%
Jun 14, 1996	Raise	$0.0740 → $0.0750	+1.4%
May 17, 1996	Cut	$0.0780 → $0.0740	−5.1%
Apr 17, 1996	Raise	$0.0750 → $0.0780	+4.0%
Mar 15, 1996	Cut	$0.0780 → $0.0750	−3.8%
Feb 15, 1996	Raise	$0.0770 → $0.0780	+1.3%
Jan 17, 1996	Raise	$0.0760 → $0.0770	+1.3%
Dec 20, 1995	Cut	$0.0780 → $0.0760	−2.6%
Nov 21, 1995	Raise	$0.0740 → $0.0780	+5.4%
Oct 18, 1995	Cut	$0.0770 → $0.0740	−3.9%
Sep 20, 1995	Cut	$0.0780 → $0.0770	−1.3%
Aug 21, 1995	Raise	$0.0750 → $0.0780	+4.0%
Jul 19, 1995	Cut	$0.0760 → $0.0750	−1.3%
May 15, 1995	Raise	$0.0750 → $0.0760	+1.3%
Apr 17, 1995	Cut	$0.0780 → $0.0750	−3.8%
Mar 20, 1995	Raise	$0.0750 → $0.0780	+4.0%
Feb 13, 1995	Cut	$0.0820 → $0.0750	−8.5%
Jan 13, 1995	Raise	$0.0790 → $0.0820	+3.8%
Dec 13, 1994	Cut	$0.0820 → $0.0790	−3.7%
Nov 14, 1994	Raise	$0.0800 → $0.0820	+2.5%
Oct 12, 1994	Cut	$0.0820 → $0.0800	−2.4%
Aug 15, 1994	Raise	$0.0800 → $0.0820	+2.5%
Jul 12, 1994	Cut	$0.0820 → $0.0800	−2.4%
Jun 14, 1994	Raise	$0.0780 → $0.0820	+5.1%
May 11, 1994	Cut	$0.0790 → $0.0780	−1.3%
Apr 12, 1994	Cut	$0.0810 → $0.0790	−2.5%
Mar 15, 1994	Cut	$0.0820 → $0.0810	−1.2%
Feb 9, 1994	Cut	$0.0840 → $0.0820	−2.4%
Jan 11, 1994	Cut	$0.0850 → $0.0840	−1.2%
Nov 12, 1993	Raise	$0.0830 → $0.0850	+2.4%
Oct 12, 1993	Cut	$0.0850 → $0.0830	−2.4%
Aug 16, 1993	Raise	$0.0820 → $0.0850	+3.7%
Jul 13, 1993	Cut	$0.0850 → $0.0820	−3.5%
Jun 14, 1993	Raise	$0.0810 → $0.0850	+4.9%
May 12, 1993	Cut	$0.0820 → $0.0810	−1.2%
Apr 13, 1993	Raise	$0.0810 → $0.0820	+1.2%
Mar 15, 1993	Raise	$0.0800 → $0.0810	+1.3%
Feb 9, 1993	Cut	$0.0840 → $0.0800	−4.8%
Jan 12, 1993	Cut	$0.0860 → $0.0840	−2.3%
Nov 9, 1992	Raise	$0.0820 → $0.0860	+4.9%
Oct 9, 1992	Cut	$0.0850 → $0.0820	−3.5%
Aug 11, 1992	Raise	$0.0830 → $0.0850	+2.4%
Jul 13, 1992	Raise	$0.0520 → $0.0830	+59.6%

Every MYI payment →Download every raise and cut (CSV)

MYI ex-dividend date & scheduleNext ex-date Nov 13, 2026 · full ex-dividend historyView →MYI dividend historyEvery payment, totals by year, raises and cutsView →MYI dividend calculator100 shares pay $67.00 a year, $5.58 each monthCalculate →MYI total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is MYI a good dividend stock?

Yes, with caveats. BlackRock MuniYield Quality Fund III, Inc. (MYI) pays a monthly dividend yielding 6.47% ($0.67/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Is MYI undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, MYI's fair value is about $13.74 versus a $10.29 share price — so it looks undervalued (+34% vs. fair value).

Is MYI's dividend safe?

MYI has a dividend-safety grade of C (59/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2023, debt and yield-versus-history.

What is MYI's fair value?

Our blended fair-value estimate for MYI is about $13.74 per share, roughly 34% above the current $10.29 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is MYI a buy, hold, or sell?

We don't issue formal ratings, but on the data MYI screens as "yes, with caveats" and undervalued. BlackRock MuniYield Quality Fund III, Inc. (MYI) pays a monthly dividend yielding 6.47% ($0.67/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will MYI cut its dividend?

MYI earns a dividend-safety grade of C (59/100), and has cut its dividend before (last in 2023). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does MYI pay a dividend?

Yes. BlackRock MuniYield Quality Fund III, Inc. pays a monthly dividend of about $0.67 per share annually, a forward yield of roughly 6.47%.

How much dividend does 100 shares of MYI pay?

At $0.67 per share a year, 100 shares of MYI pay $67.00 a year in dividends before tax, about $5.58 each month. Buying them costs about $1,029 at the Nov 8, 2026 price.

What is MYI's dividend yield?

As of Nov 8, 2026, MYI's forward dividend yield is 6.47%, based on a $0.67 annual dividend and a $10.29 share price.

What is MYI's dividend per share?

As of Nov 8, 2026, MYI pays $0.67 per share per year, distributed on a monthly basis.

What is MYI's dividend payout ratio?

As of Nov 8, 2026, MYI's payout ratio is 79% of trailing 12-month earnings — a moderate level that's generally sustainable.

How many years has MYI grown its dividend?

MYI does not currently have a long dividend-growth streak on record.

When is the next MYI ex-dividend date?

As of Nov 8, 2026, the next ex-dividend date on record for MYI is Nov 13, 2026.

Dividend Growth

Total dividends per share by year

Dividend History

Full MYI dividend history →

Ex-Date	Pay Date	Amount	Type
Oct 15, 2026	Nov 2, 2026	$0.0560	regular
Sep 15, 2026	Oct 1, 2026	$0.0560	regular
Aug 14, 2026	Sep 1, 2026	$0.0560	regular
Jul 15, 2026	Aug 3, 2026	$0.0560	regular
Jun 15, 2026	Jul 1, 2026	$0.0560	regular
May 15, 2026	Jun 1, 2026	$0.0560	regular
Apr 15, 2026	May 1, 2026	$0.0560	regular
Mar 13, 2026	Apr 1, 2026	$0.0560	regular
Feb 6, 2026	Mar 2, 2026	$0.0560	regular
Jan 20, 2026	Feb 2, 2026	$0.0560	regular
Dec 22, 2025	Dec 31, 2025	$0.0560	regular
Nov 14, 2025	Dec 1, 2025	$0.0560	regular
Oct 15, 2025	Nov 3, 2025	$0.0560	regular
Sep 15, 2025	Oct 1, 2025	$0.0560	regular