BlackRock New York Municipal Income Trust (NYSE:BNY) Plans $0.05 Monthly Dividend

BlackRock New York Municipal Income Trust (NYSE:BNY) announced a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Stockholders of record on Wednesday, January 15th will be paid a dividend of 0.051 per share by the financial services provider on Monday, February 3rd. This represents a $0.61 dividend on an annualized basis and a dividend yield of 5.92%. The ex-dividend date is Wednesday, January 15th.

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

BlackRock New York Municipal Income Trust Stock Performance

BNY traded up $0.05 during trading on Friday, hitting $10.34. The stock had a trading volume of 34,038 shares, compared to its average volume of 39,269. BlackRock New York Municipal Income Trust has a 12 month low of $10.05 and a 12 month high of $11.10. The company has a 50 day simple moving average of $10.54 and a 200-day simple moving average of $10.72.

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.