BlackRock New York Municipal Income Trust (BNY) to Distribute Monthly Dividend of $0.05 on March 2nd

BlackRock New York Municipal Income Trust (NYSE:BNY) announced a monthly dividend on Friday, January 2nd. Shareholders of record on Friday, February 6th will be given a dividend of 0.051 per share by the financial services provider on Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date is Friday, February 6th.

BlackRock New York Municipal Income Trust Stock Up 0.4%

Shares of NYSE:BNY traded up $0.05 during trading on Wednesday, hitting $10.27. 21,715 shares of the company were exchanged, compared to its average volume of 46,889. The firm’s 50 day moving average price is $10.18 and its 200-day moving average price is $10.02. BlackRock New York Municipal Income Trust has a 12-month low of $9.30 and a 12-month high of $10.67.

BlackRock New York Municipal Income Trust Company Profile

BlackRock New York Municipal Income Trust (NYSE: BNY) is a closed-end management investment company that seeks to provide shareholders with a high level of tax-exempt current income. The trust primarily invests in a diversified portfolio of investment-grade municipal securities issued by the State of New York, the City of New York and various local authorities and public agencies within New York State.

The portfolio typically includes general obligation bonds, revenue bonds, pre-refunded municipal obligations and other fixed-income instruments that offer credit support through dedicated revenue streams or pledged taxing authority.