Blackrock New York Municipal Income Trst to Issue Monthly Dividend of $0.06 (BNY)
Blackrock New York Municipal Income Trst (NYSE:BNY) declared a monthly dividend on Thursday, November 2nd, Wall Street Journal reports. Shareholders of record on Wednesday, November 15th will be paid a dividend of 0.06 per share by the financial services provider on Friday, December 1st. This represents a $0.72 annualized dividend and a yield of 4.86%. The ex-dividend date of this dividend is Tuesday, November 14th.
Blackrock New York Municipal Income Trst has decreased its dividend payment by an average of 3.7% annually over the last three years.
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About Blackrock New York Municipal Income Trst
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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