BlackRock Multi-Sector Income Trust (NYSE:BIT – Get Free Report) announced a monthly dividend on Thursday, September 12th, NASDAQ reports. Stockholders of record on Tuesday, October 15th will be paid a dividend of 0.1237 per share by the investment management company on Thursday, October 31st. This represents a $1.48 annualized dividend and a dividend yield of 9.92%. The ex-dividend date of this dividend is Tuesday, October 15th.
BlackRock Multi-Sector Income Trust Stock Performance
Shares of BIT stock opened at $14.97 on Monday. The stock’s 50-day moving average price is $14.95 and its 200 day moving average price is $14.97. BlackRock Multi-Sector Income Trust has a 52-week low of $13.65 and a 52-week high of $15.98.
Wall Street Analyst Weigh In
Separately, Royal Bank of Canada raised shares of BlackRock Multi-Sector Income Trust to a “hold” rating in a report on Thursday, July 25th.
About BlackRock Multi-Sector Income Trust
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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