BlackRock Muni New York Intr. Dur. Fnd. Declares Monthly Dividend of $0.04 (NYSE:MNE)

BlackRock Muni New York Intr. Dur. Fnd. (NYSE:MNE) announced a monthly dividend on Thursday, January 2nd, Zacks reports. Shareholders of record on Wednesday, January 15th will be paid a dividend of 0.036 per share by the investment management company on Monday, February 3rd. This represents a $0.43 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Tuesday, January 14th.

BlackRock Muni New York Intr. Dur. Fnd. has decreased its dividend payment by an average of 13.9% per year over the last three years.

MNE stock traded up $0.07 during midday trading on Friday, reaching $15.53. The company had a trading volume of 510 shares, compared to its average volume of 19,343. BlackRock Muni New York Intr. Dur. Fnd. has a 1 year low of $12.65 and a 1 year high of $15.53. The firm has a 50-day moving average price of $14.75 and a 200-day moving average price of $14.60.

In related news, major shareholder Saba Capital Management, L.P. acquired 16,270 shares of the stock in a transaction dated Thursday, December 12th. The shares were purchased at an average price of $14.27 per share, for a total transaction of $232,172.90. Insiders bought a total of 55,123 shares of company stock worth $792,384 in the last three months.

BlackRock Muni New York Intr. Dur. Fnd. Company Profile

BlackRock Muni New York Intermediate Duration Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of United States. The fund primarily investment grade municipal bonds exempt from federal income taxes and New York State and New York City personal income taxes and with a duration of three to ten years at the time of investment.

Further Reading: Cash Flow

Dividend History for BlackRock Muni New York Intr. Dur. Fnd. (NYSE:MNE)

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