BlackRock New York Municipal Income Trust (NYSE:BNY) Announces $0.04 Monthly Dividend

BlackRock New York Municipal Income Trust (NYSE:BNY) declared a monthly dividend on Wednesday, May 1st, Zacks reports. Stockholders of record on Wednesday, May 15th will be given a dividend of 0.043 per share by the financial services provider on Monday, June 3rd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date of this dividend is Tuesday, May 14th.

BlackRock New York Municipal Income Trust Stock Up 1.5 %

Shares of BlackRock New York Municipal Income Trust stock traded up $0.15 during trading on Friday, reaching $10.58. 18,499 shares of the company were exchanged, compared to its average volume of 43,670. BlackRock New York Municipal Income Trust has a twelve month low of $8.60 and a twelve month high of $10.80. The business has a 50-day moving average price of $10.51 and a 200-day moving average price of $10.20.

BlackRock New York Municipal Income Trust Company Profile

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.