BlackRock New York Municipal Income Trust (BNY) to Issue Monthly Dividend of $0.04 on March 1st

BlackRock New York Municipal Income Trust (NYSE:BNYGet Free Report) declared a monthly dividend on Tuesday, November 14th, Wall Street Journal reports. Stockholders of record on Thursday, February 15th will be given 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 4.88%. The ex-dividend date of this dividend is Wednesday, February 14th.

BlackRock New York Municipal Income Trust Stock Performance

Shares of NYSE BNY opened at $10.58 on Monday. The firm’s 50 day moving average price is $10.46 and its 200 day moving average price is $9.85. BlackRock New York Municipal Income Trust has a 1 year low of $8.60 and a 1 year high of $11.08.

Institutional Trading of BlackRock New York Municipal Income Trust

Several large investors have recently added to or reduced their stakes in BNY. Commonwealth Equity Services LLC grew its holdings in BlackRock New York Municipal Income Trust by 2.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 43,414 shares of the financial services provider’s stock valued at $449,000 after purchasing an additional 1,007 shares in the last quarter. NewEdge Advisors LLC boosted its position in BlackRock New York Municipal Income Trust by 17.9% in the 1st quarter. NewEdge Advisors LLC now owns 12,500 shares of the financial services provider’s stock valued at $152,000 after buying an additional 1,900 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of BlackRock New York Municipal Income Trust by 15.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 14,398 shares of the financial services provider’s stock worth $145,000 after acquiring an additional 1,955 shares in the last quarter. LPL Financial LLC boosted its holdings in BlackRock New York Municipal Income Trust by 5.1% in the first quarter. LPL Financial LLC now owns 69,455 shares of the financial services provider’s stock valued at $722,000 after purchasing an additional 3,378 shares during the last quarter. Finally, UBS Group AG grew its stake in BlackRock New York Municipal Income Trust by 3.3% during the 4th quarter. UBS Group AG now owns 104,680 shares of the financial services provider’s stock valued at $1,102,000 after purchasing an additional 3,379 shares in the last quarter.

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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