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

BlackRock New York Municipal Income Trust (NYSE:BNY) declared a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Investors of record on Friday, November 15th will be paid a dividend of 0.051 per share by the financial services provider on Monday, December 2nd. This represents a $0.61 dividend on an annualized basis and a dividend yield of 5.74%. The ex-dividend date is Friday, November 15th.

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

BlackRock New York Municipal Income Trust Stock Up 0.3 %

BNY traded up $0.03 on Wednesday, hitting $10.66. The company’s stock had a trading volume of 31,817 shares, compared to its average volume of 44,708. The company’s 50 day simple moving average is $10.85 and its 200-day simple moving average is $10.75. BlackRock New York Municipal Income Trust has a 12 month low of $9.43 and a 12 month 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.