BlackRock New York Municipal Income Trust (NYSE:BNY) to Issue $0.04 Monthly Dividend

BlackRock New York Municipal Income Trust (NYSE:BNY) declared a monthly dividend on Friday, November 17th, Wall Street Journal reports. Stockholders of record on Thursday, February 15th will be paid a dividend of 0.043 per share by the financial services provider on Friday, March 1st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.32%. The ex-dividend date of this dividend is Wednesday, February 14th.

BlackRock New York Municipal Income Trust Stock Performance

BNY traded down $0.07 during midday trading on Friday, reaching $9.70. The company’s stock had a trading volume of 67,305 shares, compared to its average volume of 49,461. The company has a fifty day simple moving average of $9.16 and a 200 day simple moving average of $9.77. BlackRock New York Municipal Income Trust has a twelve month low of $8.60 and a twelve month high of $11.35.

Institutional Trading of BlackRock New York Municipal Income Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BNY. Almitas Capital LLC acquired a new stake in BlackRock New York Municipal Income Trust in the 4th quarter valued at approximately $42,000. Belpointe Asset Management LLC acquired a new stake in BlackRock New York Municipal Income Trust in the 1st quarter valued at approximately $77,000. Bank of New York Mellon Corp acquired a new stake in BlackRock New York Municipal Income Trust in the 2nd quarter valued at approximately $105,000. Envestnet Asset Management Inc. acquired a new stake in BlackRock New York Municipal Income Trust in the 3rd quarter valued at approximately $114,000. Finally, Steward Partners Investment Advisory LLC grew its holdings in BlackRock New York Municipal Income Trust by 15.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 14,398 shares of the financial services provider’s stock valued at $145,000 after buying an additional 1,955 shares during the last quarter.

BlackRock New York Municipal Income Trust Company Profile

BlackRock New York Municipal Income Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in the investment grade municipal bonds exempt from federal income taxes and New York State and New York City personal income taxes.