BlackRock New York Municipal Income Trust (BNY) to Issue Monthly Dividend of $0.05 on July 1st

BlackRock New York Municipal Income Trust (NYSE:BNY) declared a monthly dividend on Wednesday, June 4th, Wall Street Journal reports. Shareholders of record on Friday, June 13th will be given a dividend of 0.051 per share by the financial services provider on Tuesday, July 1st. This represents a $0.61 dividend on an annualized basis and a yield of 6.35%. The ex-dividend date of this dividend is Friday, June 13th.

BlackRock New York Municipal Income Trust Stock Down 0.1%

Shares of NYSE:BNY opened at $9.63 on Wednesday. The stock’s 50-day moving average is $9.76 and its 200-day moving average is $10.18. BlackRock New York Municipal Income Trust has a 52-week low of $9.52 and a 52-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.