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

BlackRock New York Municipal Income Trust (NYSE:BNYGet Free Report) declared a monthly dividend on Monday, April 1st, Zacks reports. Investors of record on Monday, April 15th will be paid a dividend of 0.043 per share by the financial services provider on Wednesday, May 1st. This represents a $0.52 annualized dividend and a yield of 4.92%. The ex-dividend date of this dividend is Friday, April 12th.

BlackRock New York Municipal Income Trust Stock Performance

BNY traded down $0.07 during trading hours on Wednesday, hitting $10.48. 7,161 shares of the company’s stock were exchanged, compared to its average volume of 48,649. The stock’s 50-day moving average is $10.57 and its two-hundred day moving average is $10.02. BlackRock New York Municipal Income Trust has a 1-year low of $8.60 and a 1-year high of $10.80.

Institutional Trading of BlackRock New York Municipal Income Trust

Large investors have recently added to or reduced their stakes in the company. Almitas Capital LLC acquired a new stake in shares of BlackRock New York Municipal Income Trust during the 4th quarter worth about $42,000. Belpointe Asset Management LLC bought a new position in BlackRock New York Municipal Income Trust during the first quarter worth about $77,000. Bank of New York Mellon Corp bought a new position in BlackRock New York Municipal Income Trust in the 2nd quarter valued at about $105,000. Envestnet Asset Management Inc. bought a new position in BlackRock New York Municipal Income Trust in the 3rd quarter valued at about $114,000. Finally, Steward Partners Investment Advisory LLC increased 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 period.

About BlackRock New York Municipal Income Trust

(Get Free Report)

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.

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Dividend History for BlackRock New York Municipal Income Trust (NYSE:BNY)

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