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

BlackRock New York Municipal Income Trust (NYSE:BNY) announced a monthly dividend on Friday, December 12th. Stockholders of record on Monday, December 22nd will be given a dividend of 0.051 per share by the financial services provider on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Monday, December 22nd.

BlackRock New York Municipal Income Trust Trading Down 0.5%

Shares of BNY opened at $10.18 on Friday. BlackRock New York Municipal Income Trust has a 1-year low of $9.30 and a 1-year high of $10.67. The company has a 50-day moving average of $10.22 and a 200 day moving average of $9.89.

Institutional Investors Weigh In On BlackRock New York Municipal Income Trust

Several large investors have recently modified their holdings of the company. Plancorp LLC purchased a new stake in BlackRock New York Municipal Income Trust in the 1st quarter valued at $327,000. PFG Investments LLC acquired a new position in shares of BlackRock New York Municipal Income Trust in the second quarter valued at approximately $111,000. Ackerman Capital Advisors LLC purchased a new stake in shares of BlackRock New York Municipal Income Trust during the second quarter worth approximately $128,000. Envestnet Asset Management Inc. lifted its holdings in shares of BlackRock New York Municipal Income Trust by 46.6% during the second quarter. Envestnet Asset Management Inc. now owns 35,946 shares of the financial services provider’s stock worth $348,000 after purchasing an additional 11,419 shares during the period. Finally, Bridgewater Advisors Inc. acquired a new position in BlackRock New York Municipal Income Trust in the 2nd quarter valued at $379,000.

About BlackRock New York Municipal Income Trust

BlackRock New York Municipal Income Trust (NYSE: BNY) is a closed-end management investment company that seeks to provide shareholders with a high level of tax-exempt current income. The trust primarily invests in a diversified portfolio of investment-grade municipal securities issued by the State of New York, the City of New York and various local authorities and public agencies within New York State.

The portfolio typically includes general obligation bonds, revenue bonds, pre-refunded municipal obligations and other fixed-income instruments that offer credit support through dedicated revenue streams or pledged taxing authority.