Blackrock New York Municipal Income Trst to Issue Monthly Dividend of $0.05 (BNY)
Blackrock New York Municipal Income Trst (NYSE:BNY) declared a monthly dividend on Monday, February 5th, Wall Street Journal reports. Investors of record on Thursday, February 15th will be given a dividend of 0.0505 per share by the financial services provider on Thursday, March 1st. This represents a $0.61 annualized dividend and a yield of 4.52%. The ex-dividend date is Wednesday, February 14th.
Blackrock New York Municipal Income Trst has decreased its dividend payment by an average of 10.7% per year over the last three years.
Blackrock New York Municipal Income Trst (NYSE BNY) traded down $0.14 during midday trading on Monday, reaching $13.42. The company had a trading volume of 40,572 shares, compared to its average volume of 32,620. Blackrock New York Municipal Income Trst has a 1 year low of $13.30 and a 1 year high of $15.50.
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BlackRock New York Municipal Income Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust’s investment objective is to provide current income exempt from regular federal income tax and New York State and New York City personal income taxes. The Trust seeks to achieve its investment objective by investing primarily in municipal bonds exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax) and New York State and New York City personal income taxes.
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