BFY Ex-Dividend Reminder - 10/11/13

Looking at the universe of stocks we cover at Dividend Channel, on 10/11/13, BlackRock New York Municipal Income Trust II ( BFY) will trade ex-dividend, for its monthly dividend of $0.07, payable on 11/1/13. As a percentage of BFY's recent stock price of $12.73, this dividend works out to approximately 0.55%, so look for shares of BlackRock New York Municipal Income Trust II to trade 0.55% lower — all else being equal — when BFY shares open for trading on 10/11/13.

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Below is a dividend history chart for BFY, showing historical dividends prior to the most recent $0.07 declared by BlackRock New York Municipal Income Trust II:

BFY+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from BFY is likely to continue, and whether the current estimated yield of 6.60% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of BFY shares, versus its 200 day moving average:

BlackRock New York Municipal Income Trust II 200 Day Moving Average Chart

Looking at the chart above, BFY's low point in its 52 week range is $12.19 per share, with $17.18 as the 52 week high point — that compares with a last trade of $12.79.

In Wednesday trading, BlackRock New York Municipal Income Trust II shares are currently up about 0.2% on the day.

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