BlackRock MuniYield California Fund is a closed-end management investment company. The Fund's investment objective is to provide shareholders with as high a level of current income exempt from United States federal and California income taxes as is consistent with its investment policies and prudent investment management. Under general market conditions, the Fund invests primarily in long-term municipal obligations that are investment grade quality, or are considered by the Fund's investment adviser to be of comparable quality, at the time of investment. The Fund may also invest directly in securities or synthetically through the use of derivatives. The MYC stock yearly return is shown above.
The yearly return on the MYC stock yearly return page and across the coverage universe of our site,
is a measure of the annual return over the calendar year 2021 for the given stock.
When performing this calculation it is important to factor in dividends, because a financial instrument's annual return is
more than just the change in price if that instrument pays a dividend or coupon.
One way to factor dividends into the return is simply to count them as cash — we don't do
that here. Instead, our website aims to empower investors
by performing the MYC annual return calculation with any dividends reinvested as applicable (on ex-dates).
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