BNY Declares $0.04 Dividend for BlackRock New York Municipal Income Trust

BlackRock New York Municipal Income Trust announced on March 1, 2024, that its board of directors has declared a regular monthly dividend of $0.04 per share ($0.52 annualized). This marks a consistent payout compared to the previous dividend of $0.04 per share. Shareholders must purchase shares before the ex-dividend date of March 14, 2024, to qualify for the dividend, with payments scheduled for April 1, 2024, for shareholders of record as of March 15, 2024.

With the current share price at $10.63 per share, the stock’s dividend yield stands at 4.85%. Looking back over the past five years, the average dividend yield has been 4.40%, with the lowest at 3.52% and the highest at 6.77%. The standard deviation of yields is 0.66, indicating that the current dividend yield is 0.69 standard deviations above the historical average. Additionally, the company’s 3-year dividend growth rate is -0.40%.

In terms of fund sentiment, there are 67 funds or institutions reporting positions in BlackRock New York Municipal Income Trust, representing a 3.08% increase in the last quarter. The average portfolio weight of all funds dedicated to BNY is 0.09%, showing a 3.38% increase. Institutions have increased their total shares owned by 7.80% in the last three months to 6,401K shares.

Notable shareholders include Saba Capital Management, Fiera Capital, Guggenheim Capital, Hennion & Walsh Asset Management, and Logan Stone Capital, each making adjustments to their portfolio allocations in BNY over the last quarter. BlackRock New York Municipal Income Trust, a perpetual closed-end municipal bond fund, aims to provide current income exempt from regular Federal income taxes and New York State and New York City personal income taxes.