Blackrock New York Municipal Income Trst (NYSE:BNY) declared a monthly dividend on Tuesday, April 3rd, Wall Street Journal reports. Stockholders of record on Monday, April 16th will be given a dividend of 0.0505 per share by the financial services provider on Tuesday, May 1st. This represents a $0.61 annualized dividend and a dividend yield of 4.63%. The ex-dividend date of this dividend is Friday, April 13th.
Blackrock New York Municipal Income Trst has decreased its dividend by an average of 10.7% per year over the last three years.
Blackrock New York Municipal Income Trst stock opened at $13.10 on Thursday. Blackrock New York Municipal Income Trst has a 12 month low of $12.98 and a 12 month high of $15.50.
BlackRock New York Municipal Income Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust’s investment objective is to provide current income exempt from regular federal income tax and New York State and New York City personal income taxes. The Trust seeks to achieve its investment objective by investing primarily in municipal bonds exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax) and New York State and New York City personal income taxes.
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