Blackrock Multi-Sector Income Trust (NYSE:BIT) announced a monthly dividend on Tuesday, September 3rd, NASDAQ reports. Stockholders of record on Monday, September 16th will be paid a dividend of 0.117 per share by the investment management company on Monday, September 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 8.18%. The ex-dividend date of this dividend is Friday, September 13th.
Blackrock Multi-Sector Income Trust has raised its dividend by an average of 2.9% annually over the last three years.
Shares of NYSE:BIT traded down $0.04 during midday trading on Thursday, reaching $17.17. The company’s stock had a trading volume of 102,900 shares, compared to its average volume of 117,247. Blackrock Multi-Sector Income Trust has a fifty-two week low of $14.79 and a fifty-two week high of $17.67. The business’s fifty day simple moving average is $17.15 and its 200-day simple moving average is $16.97.
BlackRock Multi-Sector Income Trust is a close ended fixed income mutual fund launched by BlackRock, Inc It is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. The fund invests in fixed income markets. It invests primarily in loan and debt instruments and other investments with similar economic characteristic.
Featured Article: Gap Down Stocks
Receive News & Ratings for Blackrock Multi-Sector Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackrock Multi-Sector Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.