BlackRock New York Municipal Income Trust to Issue Monthly Dividend of $0.05 (NYSE:BNY)

BlackRock New York Municipal Income Trust (NYSE:BNY) announced a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.051 per share by the financial services provider on Tuesday, April 1st. This represents a $0.61 annualized dividend and a dividend yield of 5.81%. The ex-dividend date of this dividend is Friday, March 14th.

BlackRock New York Municipal Income Trust has decreased its dividend by an average of 4.1% per year over the last three years.

BlackRock New York Municipal Income Trust Stock Down 0.3 %

Shares of BNY traded down $0.03 during mid-day trading on Tuesday, hitting $10.54. 91,539 shares of the stock were exchanged, compared to its average volume of 47,823. The firm has a 50-day moving average of $10.38 and a two-hundred day moving average of $10.62. BlackRock New York Municipal Income Trust has a 52-week low of $10.05 and a 52-week high of $11.10.

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.