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

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 is Monday, December 16th.

BlackRock New York Municipal Income Trust has decreased its dividend payment by an average of 13.5% per year over the last three years.

BlackRock New York Municipal Income Trust Stock Performance

Shares of NYSE:BNY traded down $0.14 on Friday, hitting $10.62. 68,220 shares of the company were exchanged, compared to its average volume of 47,125. The company’s 50 day moving average price is $10.72 and its two-hundred day moving average price is $10.76. BlackRock New York Municipal Income Trust has a one year low of $10.16 and a one year high of $11.10.

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.