BlackRock New York Municipal Income Trust (NYSE:BNY – Get Free Report) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Investors of record on Tuesday, April 15th will be given a dividend of 0.051 per share by the financial services provider on Thursday, May 1st. This represents a $0.61 annualized dividend and a yield of 6.32%. The ex-dividend date is Tuesday, April 15th.
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 Stock Performance
NYSE BNY opened at $9.69 on Friday. The stock’s 50 day simple moving average is $10.29 and its 200-day simple moving average is $10.48. BlackRock New York Municipal Income Trust has a 1-year low of $9.55 and a 1-year high of $11.10.
About BlackRock New York Municipal Income Trust
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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