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BYM

BlackRock Municipal Income Quality TrustNYSE:BYM Stock Report

Last Price

US$14.74

Market Cap

US$389.2m

7D

-6.1%

1Y

-2.8%

Updated

16 Jan, 2022

Data

Company Financials
BYM fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health1/6
Dividends4/6

BYM Stock Overview

BlackRock Municipal Income Quality Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc.

Price History & Performance

Summary of all time highs, changes and price drops for BlackRock Municipal Income Quality Trust
Historical stock prices
Current Share PriceUS$14.74
52 Week HighUS$16.79
52 Week LowUS$14.60
Beta0.25
1 Month Change-5.45%
3 Month Change-3.85%
1 Year Change-2.84%
3 Year Change14.26%
5 Year Change5.44%
Change since IPO-1.80%

Recent News & Updates

May 07

BlackRock Municipal Income Quality Trust declares $0.058 dividend

BlackRock Municipal Income Quality Trust (BYM) declares $0.058/share monthly dividend, in line with previous.Forward yield 4.41%Payable June 1; for shareholders of record May 14; ex-div May 13.See BYM Dividend Scorecard, Yield Chart, & Dividend Growth.

Feb 04

BlackRock Municipal Income Quality Trust declares $0.058 dividend

BlackRock Municipal Income Quality Trust (BYM) declares $0.058/share monthly dividend, in line with previous.Forward yield 4.63%Payable March 1; for shareholders of record Feb. 16; ex-div Feb. 12.See BYM Dividend Scorecard, Yield Chart, & Dividend Growth.

Jan 05

BlackRock Municipal Income Quality Trust declares $0.058 dividend

BlackRock Municipal Income Quality Trust (BYM) declares $0.058/share monthly dividend, in line with previous.Forward yield 4.6%Payable Feb. 1; for shareholders of record Jan. 15; ex-div Jan. 14.See BYM Dividend Scorecard, Yield Chart, & Dividend Growth.

Dec 04

BlackRock Municipal Income Quality Trust declares $0.058 dividend

BlackRock Municipal Income Quality Trust (BYM) declares $0.058/share monthly dividend, in line with previous.Forward yield 4.69%Payable Dec. 31; for shareholders of record Dec. 15; ex-div Dec. 14.See BYM Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

BYMUS Capital MarketsUS Market
7D-6.1%-1.6%-0.5%
1Y-2.8%30.2%13.7%

Return vs Industry: BYM underperformed the US Capital Markets industry which returned 30.2% over the past year.

Return vs Market: BYM underperformed the US Market which returned 13.7% over the past year.

Price Volatility

Is BYM's price volatile compared to industry and market?
BYM volatility
BYM Average Weekly Movement1.8%
Capital Markets Industry Average Movement0.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.9%
10% least volatile stocks in US Market2.4%

Stable Share Price: BYM is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: BYM's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2002n/an/ahttps://www.blackrock.com/investing/products/240256/blackrock-insured-municipal-income-trust-usd-fund

BlackRock Municipal Income Quality Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc. It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade municipal bonds exempt from federal income taxes, including the alternative minimum tax.

BlackRock Municipal Income Quality Trust Fundamentals Summary

How do BlackRock Municipal Income Quality Trust's earnings and revenue compare to its market cap?
BYM fundamental statistics
Market CapUS$389.23m
Earnings (TTM)US$28.15m
Revenue (TTM)US$24.68m

13.8x

P/E Ratio

15.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BYM income statement (TTM)
RevenueUS$24.68m
Cost of RevenueUS$0
Gross ProfitUS$24.68m
Expenses-US$3.47m
EarningsUS$28.15m

Last Reported Earnings

Aug 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.07
Gross Margin100.00%
Net Profit Margin114.06%
Debt/Equity Ratio58.1%

How did BYM perform over the long term?

See historical performance and comparison

Dividends

4.7%

Current Dividend Yield

65%

Payout Ratio

Valuation

Is BlackRock Municipal Income Quality Trust undervalued compared to its fair value and its price relative to the market?

13.83x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BYM ($14.74) is trading above our estimate of fair value ($6.23)

Significantly Below Fair Value: BYM is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BYM is good value based on its PE Ratio (13.8x) compared to the US Capital Markets industry average (15.9x).

PE vs Market: BYM is good value based on its PE Ratio (13.8x) compared to the US market (17.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BYM's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BYM is good value based on its PB Ratio (0.9x) compared to the US Capital Markets industry average (42.4x).

Future Growth

How is BlackRock Municipal Income Quality Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

3.7%

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 Quality 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.

Past Performance

How has BlackRock Municipal Income Quality Trust performed over the past 5 years?

11.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BYM has a large one-off gain of $8.6M impacting its August 31 2021 financial results.

Growing Profit Margin: BYM's current net profit margins are higher than last year (43.8%).


Past Earnings Growth Analysis

Earnings Trend: BYM's earnings have grown by 11% per year over the past 5 years.

Accelerating Growth: BYM's earnings growth over the past year (150.8%) exceeds its 5-year average (11% per year).

Earnings vs Industry: BYM earnings growth over the past year (150.8%) exceeded the Capital Markets industry 86.4%.


Return on Equity

High ROE: BYM's Return on Equity (6.7%) is considered low.

Financial Health

How is BlackRock Municipal Income Quality Trust's financial position?


Financial Position Analysis

Short Term Liabilities: BYM's short term assets ($9.8M) do not cover its short term liabilities ($112.3M).

Long Term Liabilities: BYM's short term assets ($9.8M) do not cover its long term liabilities ($137.2M).


Debt to Equity History and Analysis

Debt Level: BYM's net debt to equity ratio (58.1%) is considered high.

Reducing Debt: BYM's debt to equity ratio has increased from 55.5% to 58.1% over the past 5 years.

Debt Coverage: BYM's debt is not well covered by operating cash flow (13%).

Interest Coverage: BYM's interest payments on its debt are well covered by EBIT (13.3x coverage).


Balance Sheet

Dividend

What is BlackRock Municipal Income Quality Trust current dividend yield, its reliability and sustainability?

4.72%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BYM's dividend (4.72%) is higher than the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: BYM's dividend (4.72%) is in the top 25% of dividend payers in the US market (3.44%)


Stability and Growth of Payments

Stable Dividend: BYM's dividends per share have been stable in the past 10 years.

Growing Dividend: BYM's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (65.3%), BYM'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.

Management

How experienced are the management team and are they aligned to shareholders interests?

15.0yrs

Average board tenure


CEO

BlackRock Municipal Income Quality Trust has no CEO, or we have no data on them.


Board Members

Experienced Board: BYM's board of directors are seasoned and experienced ( 15 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

BlackRock Municipal Income Quality Trust's employee growth, exchange listings and data sources


Key Information


Location

  • BlackRock Municipal Income Quality Trust
  • 100 Bellevue Parkway
  • Wilmington
  • Delaware
  • 19809
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/16 23:05
End of Day Share Price2022/01/14 00:00
Earnings2021/08/31
Annual Earnings2021/08/31


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.