BlackRock New York Municipal Income Trust (BNY) to Issue Monthly Dividend of $0.05 on December 31st

BlackRock New York Municipal Income Trust (NYSE:BNY) announced a monthly dividend on Friday, December 6th,NASDAQ Dividends reports. Shareholders of record on Monday, December 16th will be given a dividend of 0.051 per share by the financial services provider on Tuesday, December 31st. This represents a $0.61 annualized dividend and a yield of 5.76%. The ex-dividend date is Monday, December 16th.

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

BlackRock New York Municipal Income Trust Stock Performance

Shares of BNY traded down $0.14 during trading hours on Friday, hitting $10.62. 68,220 shares of the company were exchanged, compared to its average volume of 47,125. BlackRock New York Municipal Income Trust has a 52 week low of $10.16 and a 52 week high of $11.10. The firm’s 50 day moving average is $10.72 and its 200-day moving average is $10.76.

About BlackRock New York Municipal Income Trust

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.