Favorable Media Coverage Somewhat Unlikely to Affect Blackrock New Jersey Municipal Income Tr (BNJ) Stock Price
Media stories about Blackrock New Jersey Municipal Income Tr (NYSE:BNJ) have been trending positive recently, Accern Sentiment reports. Accern ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Blackrock New Jersey Municipal Income Tr earned a news sentiment score of 0.27 on Accern’s scale. Accern also assigned news coverage about the investment management company an impact score of 46.7651946959793 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of Blackrock New Jersey Municipal Income Tr (NYSE BNJ) traded down $0.13 during trading on Friday, reaching $15.48. 23,513 shares of the company’s stock traded hands, compared to its average volume of 8,099. Blackrock New Jersey Municipal Income Tr has a 12-month low of $14.12 and a 12-month high of $16.35.
The firm also recently declared a monthly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were given a $0.0696 dividend. This represents a $0.84 annualized dividend and a yield of 5.40%. The ex-dividend date of this dividend was Tuesday, November 14th.
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BlackRock New Jersey Municipal Income Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust’s investment objective is to provide current income exempt from regular federal income tax and New Jersey gross income tax. The Trust seeks to achieve its investment objective by investing primarily in municipal bonds exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax) and New Jersey gross income taxes.
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