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

BlackRock New York Municipal Income Trust (NYSE:BNY) declared a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Investors 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 dividend on an annualized basis 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 payment by an average of 4.1% annually over the last three years.

BlackRock New York Municipal Income Trust Trading Down 0.3 %

Shares of NYSE:BNY traded down $0.03 during mid-day trading on Tuesday, reaching $10.54. 91,539 shares of the company traded hands, compared to its average volume of 47,823. BlackRock New York Municipal Income Trust has a 52 week low of $10.05 and a 52 week high of $11.10. The company’s 50 day moving average price is $10.38 and its 200-day moving average price is $10.62.

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.