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

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

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

BlackRock New York Municipal Income Trust Trading Up 0.9 %

Shares of BlackRock New York Municipal Income Trust stock traded up $0.10 during trading hours on Thursday, reaching $10.30. The company’s stock had a trading volume of 24,208 shares, compared to its average volume of 49,056. BlackRock New York Municipal Income Trust has a one year low of $10.05 and a one year high of $11.10. The company’s 50 day simple moving average is $10.38 and its 200 day simple moving average is $10.55.

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.