BlackRock New York Municipal Income Trust (NYSE:BNY) Declares Monthly Dividend of $0.04

BlackRock New York Municipal Income Trust (NYSE:BNY) declared a monthly dividend on Tuesday, November 14th, Zacks reports. Investors of record on Friday, December 15th will be given a dividend of 0.043 per share by the financial services provider on Friday, December 29th. This represents a $0.52 annualized dividend and a yield of 5.33%. The ex-dividend date of this dividend is Thursday, December 14th. This is a boost from BlackRock New York Municipal Income Trust’s previous monthly dividend of $0.03.

BlackRock New York Municipal Income Trust Price Performance

NYSE:BNY opened at $9.69 on Thursday. The firm has a 50-day moving average price of $9.16 and a 200 day moving average price of $9.77. BlackRock New York Municipal Income Trust has a 12-month low of $8.60 and a 12-month high of $11.35.

Institutional Trading of BlackRock New York Municipal Income Trust

Hedge funds have recently modified their holdings of the company. Almitas Capital LLC bought a new stake in shares of BlackRock New York Municipal Income Trust during the fourth quarter valued at approximately $42,000. Belpointe Asset Management LLC bought a new stake in shares of BlackRock New York Municipal Income Trust in the first quarter worth about $77,000. Bank of New York Mellon Corp bought a new stake in shares of BlackRock New York Municipal Income Trust in the second quarter worth about $105,000. NewEdge Advisors LLC increased its holdings in shares of BlackRock New York Municipal Income Trust by 17.9% in the first quarter. NewEdge Advisors LLC now owns 12,500 shares of the financial services provider’s stock worth $152,000 after acquiring an additional 1,900 shares in the last quarter. Finally, Envestnet Asset Management Inc. bought a new stake in shares of BlackRock New York Municipal Income Trust in the third quarter worth about $114,000.

About BlackRock New York Municipal Income Trust

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.