BlackRock New York Municipal Income Trust Plans Monthly Dividend of $0.04 (NYSE:BNY)

BlackRock New York Municipal Income Trust (NYSE:BNY) announced a monthly dividend on Thursday, August 1st, Zacks reports. Stockholders of record on Thursday, August 15th will be paid a dividend of 0.043 per share by the financial services provider on Tuesday, September 3rd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date is Thursday, August 15th.

BlackRock New York Municipal Income Trust has decreased its dividend payment by an average of 13.5% annually over the last three years.

BlackRock New York Municipal Income Trust Stock Up 0.6 %

Shares of BNY stock traded up $0.06 during trading on Friday, hitting $10.82. The company had a trading volume of 67,931 shares, compared to its average volume of 41,898. The stock’s 50-day moving average is $10.69 and its two-hundred day moving average is $10.59. BlackRock New York Municipal Income Trust has a 52 week low of $8.60 and a 52 week high of $10.90.

BlackRock New York Municipal Income Trust Company Profile

BlackRock New York 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 the investment grade municipal bonds exempt from federal income taxes and New York State and New York City personal income taxes.