Blackrock New York Municipal Income Trst (NYSE:BNY) announced a monthly dividend on Tuesday, April 2nd, Wall Street Journal reports. Investors of record on Monday, April 15th will be given a dividend of 0.0445 per share by the financial services provider on Wednesday, May 1st. This represents a $0.53 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend is Friday, April 12th.
Blackrock New York Municipal Income Trst has decreased its dividend payment by an average of 9.1% annually over the last three years.
BNY traded down $0.09 during trading hours on Wednesday, reaching $13.27. 5,215 shares of the stock traded hands, compared to its average volume of 24,659. Blackrock New York Municipal Income Trst has a fifty-two week low of $11.70 and a fifty-two week high of $13.51.
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.
Further Reading: Balanced Fund
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