BlackRock New York Municipal Income Trust
S&P 500BNY/Financial Services · Banks - Diversified/NYSE
Dividend Yield
1.45%
$2.12 · Annual Dividend
Dividend Safety Rating
BNY's dividend appears safe and well-supported. Strengths include a 25.6% earnings payout ratio & -20.0% net debt / total assets. Areas of concern: 117.2% fcf payout ratio & Volatile profit margin stability. The dividend has been growing at a 10.53% 5-year CAGR. As a financial company, some traditional cash flow metrics are less applicable. The score focuses on earnings-based coverage and profitability.
Based on 10 of 10 metrics
Strengths
- Earnings Payout Ratio: 25.6%Low earnings payout ratio leaves room to grow the dividend.
- Net Debt / Total Assets: -20.0%Healthy balance sheet with low net debt.
- Operating Margin: 37.6%Healthy operating margin provides a wide buffer.
Risks
- FCF Payout Ratio: 117.2%Free cash flow is tight relative to the dividend.
- Profit Margin Stability: VolatileProfit margins have been volatile.
- Earnings Stability: VolatileEarnings have been volatile, pressuring the dividend.
Payout & Coverage
CautionBalance Sheet
Very SafeProfitability
SafeDividend Track Record
SafeAbout BlackRock New York Municipal Income Trust
BlackRock New York Municipal Income Trust is a closed-end mutual fund specializing in fixed income investments, with a primary focus on municipal bonds. Its central objective is to provide investors with current income that is exempt from federal, New York State, and New York City personal income taxes. The trust achieves this by allocating at least 80% of its managed assets to investment grade municipal bonds, ensuring a relatively high credit quality within the portfolio. These bonds typically finance essential public infrastructure and services across New York—including transportation, utilities, and water projects—playing a significant role in supporting local government initiatives. Managed by a team of experienced portfolio managers at BlackRock, the fund employs a disciplined approach to credit selection and interest rate exposure, aligning with investor needs for tax-advantaged income. The trust is a relevant vehicle for those seeking stable, tax-exempt yields, and it underscores the significance of municipal securities in enabling public sector funding while providing federally and state tax-free income to investors.
Dividend Overview
Dividend Yield
1.45%
Annual Dividend
$2.12
Frequency
Quarterly
Payout Ratio
25.56%
FCF Payout Ratio
117.18%
52-Week Range
$89.45 - $148.50
Dividend History (2016–2025)
BNY annual dividend per share and yield history
Earnings & Profitability
BNY earnings per share and net profit margin
Key Dates
Last Ex-Dividend Date
April 27, 2026
Last Payment Date
May 8, 2026
Dividend Growth
3-Year Dividend CAGR
12.09%
5-Year Dividend CAGR
10.53%
10-Year Dividend CAGR
N/A
3-Year Total Growth
40.85%
5-Year Total Growth
64.95%
10-Year Total Growth
N/A
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Frequently Asked Questions
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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.
Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.
Market data provided by Twelve Data.