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

BlackRock New York Municipal Income Trust (NYSE:BNY) declared a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Investors of record on Wednesday, January 15th will be given 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 yield of 5.92%. The ex-dividend date of this dividend is Wednesday, January 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 Price Performance

NYSE BNY traded up $0.05 on Friday, reaching $10.34. The company’s 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 twelve month low of $10.05 and a twelve month high of $11.10. The firm’s 50 day moving average is $10.54 and its two-hundred day moving average is $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.