BFK Stock Overview
BlackRock Municipal Income Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$14.43|
|52 Week High||US$15.92|
|52 Week Low||US$14.31|
|1 Month Change||-6.66%|
|3 Month Change||-2.96%|
|1 Year Change||-4.56%|
|3 Year Change||12.47%|
|5 Year Change||2.12%|
|Change since IPO||-3.99%|
Recent News & Updates
BlackRock Municipal Income Trust declares $0.058 dividend
BlackRock Municipal Income Trust (BFK) declares $0.058/share monthly dividend, in line with previous.Forward yield 4.62%Payable June 1; for shareholders of record May 14; ex-div May 13.See BFK Dividend Scorecard, Yield Chart, & Dividend Growth.
BlackRock Municipal Income Trust declares $0.0585 dividend
BlackRock Municipal Income Trust (BFK) declares $0.0585/share monthly dividend, in line with previous.Forward yield 4.65%Payable March 1; for shareholders of record Feb. 16; ex-div Feb. 12.See BFK Dividend Scorecard, Yield Chart, & Dividend Growth.
BlackRock Municipal Income Trust declares $0.0585 dividend
BlackRock Municipal Income Trust (BFK) declares $0.0585/share monthly dividend, in line with previous.Forward yield 5.06%Payable Dec. 1; for shareholders of record Nov. 16; ex-div Nov. 13.See BFK Dividend Scorecard, Yield Chart, & Dividend Growth.
|BFK||US Capital Markets||US Market|
Return vs Industry: BFK underperformed the US Capital Markets industry which returned 25.7% over the past year.
Return vs Market: BFK underperformed the US Market which returned 10.2% over the past year.
|BFK Average Weekly Movement||1.5%|
|Capital Markets Industry Average Movement||0.7%|
|Market Average Movement||6.6%|
|10% most volatile stocks in US Market||15.7%|
|10% least volatile stocks in US Market||2.4%|
Stable Share Price: BFK is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: BFK's weekly volatility (2%) has been stable over the past year.
About the Company
BlackRock Municipal Income Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc. It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in investment grade municipal bonds that are exempt from regular federal income tax.
BlackRock Municipal Income Trust Fundamentals Summary
|BFK fundamental statistics|
Is BFK overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|BFK income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Oct 31, 2021
Next Earnings Date
|Earnings per share (EPS)||1.04|
|Net Profit Margin||117.99%|
How did BFK perform over the long term?See historical performance and comparison
4.9%Current Dividend Yield
Is BlackRock Municipal Income Trust undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BFK ($14.43) is trading above our estimate of fair value ($11.65)
Significantly Below Fair Value: BFK is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BFK is good value based on its PE Ratio (13.8x) compared to the US Capital Markets industry average (15.5x).
PE vs Market: BFK is good value based on its PE Ratio (13.8x) compared to the US market (17x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BFK's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BFK is good value based on its PB Ratio (1x) compared to the US Capital Markets industry average (42.2x).
How is BlackRock Municipal Income Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Diversified Financials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as BlackRock Municipal Income Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has BlackRock Municipal Income Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BFK has a large one-off gain of $19.0M impacting its October 31 2021 financial results.
Growing Profit Margin: BFK's current net profit margins are higher than last year (27.6%).
Past Earnings Growth Analysis
Earnings Trend: BFK's earnings have grown significantly by 26.9% per year over the past 5 years.
Accelerating Growth: BFK's earnings growth over the past year (291.1%) exceeds its 5-year average (26.9% per year).
Earnings vs Industry: BFK earnings growth over the past year (291.1%) exceeded the Capital Markets industry 86.4%.
Return on Equity
High ROE: BFK's Return on Equity (7.2%) is considered low.
How is BlackRock Municipal Income Trust's financial position?
Financial Position Analysis
Short Term Liabilities: BFK's short term assets ($13.7M) do not cover its short term liabilities ($143.6M).
Long Term Liabilities: BFK's short term assets ($13.7M) do not cover its long term liabilities ($270.8M).
Debt to Equity History and Analysis
Debt Level: BFK's net debt to equity ratio (62.7%) is considered high.
Reducing Debt: BFK's debt to equity ratio has reduced from 65.4% to 62.7% over the past 5 years.
Debt Coverage: BFK's debt is not well covered by operating cash flow (8.4%).
Interest Coverage: BFK's interest payments on its debt are well covered by EBIT (9x coverage).
What is BlackRock Municipal Income Trust current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BFK's dividend (4.86%) is higher than the bottom 25% of dividend payers in the US market (1.35%).
High Dividend: BFK's dividend (4.86%) is in the top 25% of dividend payers in the US market (3.48%)
Stability and Growth of Payments
Stable Dividend: BFK's dividend payments have been volatile in the past 10 years.
Growing Dividend: BFK's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (67.3%), BFK's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
BlackRock Municipal Income Trust has no CEO, or we have no data on them.
Experienced Board: BFK's board of directors are seasoned and experienced ( 23.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
BlackRock Municipal Income Trust's employee growth, exchange listings and data sources
- Name: BlackRock Municipal Income Trust
- Ticker: BFK
- Exchange: NYSE
- Founded: 2001
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: US$648.469m
- Shares outstanding: 44.94m
- Website: https://www.blackrock.com/investing/products/240218/blackrock-municipal-income-trust-usd-fund
- BlackRock Municipal Income Trust
- 100 Bellevue Parkway
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/19 23:41|
|End of Day Share Price||2022/01/19 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.