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 paid a dividend of 0.051 per share by the financial services provider on Tuesday, December 31st. This represents a $0.61 dividend on an annualized basis and a yield of 5.76%. The ex-dividend date of this dividend 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 Trading Down 1.3 %

Shares of NYSE BNY traded down $0.14 during mid-day trading on Friday, reaching $10.62. The company had a trading volume of 68,220 shares, 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 has a 50 day simple moving average of $10.72 and a two-hundred day simple moving average of $10.76.

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.