Blackrock New York Municipal Income Trst (NYSE:BNY) declared a monthly dividend on Tuesday, October 1st, Zacks reports. Stockholders of record on Tuesday, October 15th will be given a dividend of 0.046 per share by the financial services provider on Friday, November 1st. This represents a $0.55 annualized dividend and a dividend yield of 3.88%. The ex-dividend date is Friday, October 11th. This is an increase from Blackrock New York Municipal Income Trst’s previous monthly dividend of $0.05.
Blackrock New York Municipal Income Trst has decreased its dividend by an average of 9.1% per year over the last three years.
Shares of BNY stock traded up $0.04 during trading hours on Thursday, hitting $14.24. 661 shares of the company’s stock traded hands, compared to its average volume of 20,378. The stock’s fifty day simple moving average is $14.10 and its two-hundred day simple moving average is $13.63. Blackrock New York Municipal Income Trst has a 12-month low of $11.70 and a 12-month high of $14.67.
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.
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