BlackRock Muni New York Intr. Dur. Fnd. (NYSE:MNE) Announces Dividend Increase – $0.05 Per Share

BlackRock Muni New York Intr. Dur. Fnd. (NYSE:MNE) announced a monthly dividend on Monday, February 5th, Wall Street Journal reports. Stockholders of record on Thursday, February 15th will be paid a dividend of 0.0505 per share by the investment management company on Thursday, March 1st. This represents a $0.61 annualized dividend and a dividend yield of 4.61%. The ex-dividend date of this dividend is Wednesday, February 14th. This is a positive change from BlackRock Muni New York Intr. Dur. Fnd.’s previous monthly dividend of $0.04.

BlackRock Muni New York Intr. Dur. Fnd. has decreased its dividend payment by an average of 12.8% per year over the last three years.

Shares of BlackRock Muni New York Intr. Dur. Fnd. (MNE) traded down $0.01 during midday trading on Tuesday, reaching $13.15. The company’s stock had a trading volume of 2,897 shares, compared to its average volume of 13,241. BlackRock Muni New York Intr. Dur. Fnd. has a 52 week low of $12.83 and a 52 week high of $14.45.

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About BlackRock Muni New York Intr. Dur. Fnd.

BlackRock Muni New York Intermediate Duration Fund, Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to provide shareholders with high current income exempt from federal income tax and New York State and New York City personal income taxes.

Dividend History for BlackRock Muni New York Intr. Dur. Fnd. (NYSE:MNE)

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