Blackrock MuniYield Quality Fund III Inc Common Stock (MYI)

FairStock Score: 45/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach MYI as a closed-end municipal bond fund, not an operating company. It invests primarily in long-term investment-grade municipal obligations exempt from federal income taxes and is managed by BlackRock Advisors. At the close on 2026-10-13, the price was $9.59, with a market cap of $725.2M. The provided FairStock calculations show P/B of 0.81, so the market price is below book value, and the Graham Number is $10.09, leaving only a 4.96% margin of safety. The dividend yield is 6.59%, and beta is 0.62, which suggests lower volatility but not safety. Quality is mixed. ROE is 3.11% and ROCE is 2.49%, thin for a leveraged fund. D/E is 0.70, and the Altman Z-Score of 0.71 is low, while the Piotroski F-Score is 2/9. The P/E of 25.24 is not cheap for the earnings shown. Revenue and profit growth are N/A in this data, and there is no Lynch category because only 0 years of filed results are available, below the required 3, so I have no durable growth record to underwrite. The main attraction is the tax-exempt municipal mandate and the discount to book. The main risk is that leverage and weak financial scores make the 6.59% distribution less certain. A 19% discount to book is not enough by itself; I would demand a wider margin of safety or evidence that net asset value and distributions are stable. The FairStock score of 45/100 is lukewarm.

In plain English: This is a closed-end fund that owns mostly long-term investment-grade city and state bonds that are exempt from federal income tax. By the numbers given, the business looks weak: profits are thin and it uses borrowed money. The price is a bit below its accounting value, so it looks fair to slightly cheap, but not a clear bargain.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer