BlackRock New York Municipal Income Trust (NYSE:BNY) to Issue $0.05 Monthly Dividend

BlackRock New York Municipal Income Trust (NYSE:BNY) announced a monthly dividend on Friday, December 12th. Investors of record on Monday, December 22nd will be paid a dividend of 0.051 per share by the financial services provider on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date is Monday, December 22nd.

BlackRock New York Municipal Income Trust Stock Down 0.5%

NYSE:BNY opened at $10.18 on Friday. The company has a 50 day simple moving average of $10.22 and a two-hundred day simple moving average of $9.89. 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.