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

BlackRock New York Municipal Income Trust (NYSE:BNY) announced a monthly dividend on Monday, December 4th, Wall Street Journal reports. Shareholders of record on Tuesday, December 12th will be paid a dividend of 0.0505 per share by the financial services provider on Friday, December 29th. This represents a $0.61 annualized dividend and a yield of 4.07%. The ex-dividend date is Monday, December 11th.

BlackRock New York Municipal Income Trust has decreased its dividend by an average of 3.7% annually over the last three years.

Shares of BlackRock New York Municipal Income Trust (BNY) traded up $0.09 during trading on Tuesday, reaching $14.88. 29,100 shares of the company’s stock traded hands, compared to its average volume of 20,963. BlackRock New York Municipal Income Trust has a twelve month low of $13.58 and a twelve month high of $15.50.

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About BlackRock New York Municipal Income Trust

BlackRock New York Municipal Income Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust’s investment objective is to provide current income exempt from regular federal income tax and New York State and New York City personal income taxes. The Trust seeks to achieve its investment objective by investing primarily in municipal bonds exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax) and New York State and New York City personal income taxes.

Dividend History for BlackRock New York Municipal Income Trust (NYSE:BNY)

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