BlackRock Multi-Sector Income Trust (NYSE:BIT – Get Free Report) announced a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Investors of record on Friday, November 15th will be given a dividend of 0.1237 per share by the investment management company on Friday, November 29th. This represents a $1.48 annualized dividend and a dividend yield of 10.00%. The ex-dividend date of this dividend is Friday, November 15th.
BlackRock Multi-Sector Income Trust Price Performance
NYSE:BIT traded up $0.03 during mid-day trading on Thursday, reaching $14.84. The company’s stock had a trading volume of 66,627 shares, compared to its average volume of 111,519. The firm’s fifty day moving average price is $14.95 and its two-hundred day moving average price is $14.88. BlackRock Multi-Sector Income Trust has a 12-month low of $14.39 and a 12-month high of $15.98.
Analysts Set New Price Targets
Separately, Royal Bank of Canada raised shares of BlackRock Multi-Sector Income Trust to a “hold” rating in a report on Thursday, July 25th.
BlackRock Multi-Sector Income Trust Company Profile
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.
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