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

BlackRock New York Municipal Income Trust (NYSE:BNY) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.94%. The ex-dividend date of this dividend is Tuesday, April 15th.

BlackRock New York Municipal Income Trust has decreased its dividend payment by an average of 4.1% per year over the last three years.

BlackRock New York Municipal Income Trust Stock Up 0.9 %

BNY traded up $0.10 during trading hours on Thursday, hitting $10.30. The company’s stock had a trading volume of 24,208 shares, compared to its average volume of 49,056. The company has a 50-day simple moving average of $10.38 and a 200 day simple moving average of $10.55. BlackRock New York Municipal Income Trust has a fifty-two week low of $10.05 and a fifty-two week 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.