Blackrock New York Municipal Income Trst (NYSE:BNY) declared a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, January 16th will be given a dividend of 0.0505 per share by the financial services provider on Thursday, February 1st. This represents a $0.61 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date is Friday, January 12th.
Blackrock New York Municipal Income Trst has decreased its dividend by an average of 3.7% annually over the last three years.
Blackrock New York Municipal Income Trst (NYSE BNY) traded up $0.04 during mid-day trading on Wednesday, hitting $14.27. 61,708 shares of the stock were exchanged, compared to its average volume of 53,204. Blackrock New York Municipal Income Trst has a one year low of $13.87 and a one year high of $15.50.
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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