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

BlackRock New York Municipal Income Trust (NYSE:BNY) declared a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.051 per share by the financial services provider on Monday, March 3rd. This represents a $0.61 dividend on an annualized basis and a dividend yield of 5.83%. The ex-dividend date of this dividend is Friday, February 14th.

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

BlackRock New York Municipal Income Trust Price Performance

BNY traded up $0.08 during trading hours on Tuesday, reaching $10.50. 42,430 shares of the stock traded hands, compared to its average volume of 50,301. BlackRock New York Municipal Income Trust has a fifty-two week low of $10.05 and a fifty-two week high of $11.10. The firm’s fifty day simple moving average is $10.42 and its two-hundred day simple moving average is $10.66.

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.