BlackRock Multi-Sector Income Trust (NYSE:BIT) Plans $0.12 Monthly Dividend

BlackRock Multi-Sector Income Trust (NYSE:BIT) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Investors of record on Tuesday, April 15th will be paid a dividend of 0.1237 per share by the investment management company on Wednesday, April 30th. This represents a $1.48 dividend on an annualized basis and a yield of 10.40%. The ex-dividend date is Tuesday, April 15th.

BlackRock Multi-Sector Income Trust Stock Down 1.1 %

BlackRock Multi-Sector Income Trust stock traded down $0.16 during mid-day trading on Thursday, reaching $14.28. 211,228 shares of the company traded hands, compared to its average volume of 179,526. The firm’s 50 day moving average price is $14.64 and its 200 day moving average price is $14.72. BlackRock Multi-Sector Income Trust has a 52-week low of $14.18 and a 52-week high of $15.72.

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.