BlackRock New York Municipal Income Trust to Issue Monthly Dividend of $0.05 (NYSE:BNY)

BlackRock New York Municipal Income Trust (NYSE:BNYGet Free Report) announced a monthly dividend on Monday, November 3rd. Shareholders of record on Friday, November 14th will be given a dividend of 0.051 per share by the financial services provider on Monday, December 1st. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date is Friday, November 14th.

BlackRock New York Municipal Income Trust Price Performance

Shares of BlackRock New York Municipal Income Trust stock opened at $10.14 on Tuesday. The business has a 50 day simple moving average of $10.07 and a two-hundred day simple moving average of $9.80. BlackRock New York Municipal Income Trust has a 12 month low of $9.30 and a 12 month high of $10.86.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BNY. Traub Capital Management LLC purchased a new stake in shares of BlackRock New York Municipal Income Trust during the second quarter worth $72,000. PFG Investments LLC purchased a new position in shares of BlackRock New York Municipal Income Trust in the second quarter worth about $111,000. Ackerman Capital Advisors LLC acquired a new position in BlackRock New York Municipal Income Trust during the second quarter worth about $128,000. Orion Porfolio Solutions LLC purchased a new stake in BlackRock New York Municipal Income Trust during the 2nd quarter valued at about $176,000. Finally, Plancorp LLC purchased a new stake in BlackRock New York Municipal Income Trust during the 1st quarter valued at about $327,000.

BlackRock New York Municipal Income Trust Company Profile

(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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