BlackRock New York Municipal Income Trust to Issue Monthly Dividend of $0.04 (NYSE:BNY)

BlackRock New York Municipal Income Trust (NYSE:BNY) declared a monthly dividend on Thursday, August 1st, Zacks reports. Shareholders of record on Thursday, August 15th will be paid a dividend of 0.043 per share by the financial services provider on Tuesday, September 3rd. This represents a $0.52 annualized dividend and a yield of 4.77%. The ex-dividend date is Thursday, August 15th.

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

BlackRock New York Municipal Income Trust Stock Up 0.6 %

NYSE BNY traded up $0.06 during trading on Friday, hitting $10.82. 67,931 shares of the company’s stock were exchanged, compared to its average volume of 41,898. BlackRock New York Municipal Income Trust has a fifty-two week low of $8.60 and a fifty-two week high of $10.90. The stock’s 50 day moving average price is $10.69 and its two-hundred day moving average price is $10.59.

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.