Blackrock Multi-Sector Income Trust (NYSE:BIT) announced a monthly dividend on Tuesday, October 1st, Zacks reports. Investors of record on Tuesday, October 15th will be paid a dividend of 0.124 per share by the investment management company on Thursday, October 31st. This represents a $1.49 annualized dividend and a dividend yield of 8.72%. The ex-dividend date of this dividend is Friday, October 11th. This is a boost from Blackrock Multi-Sector Income Trust’s previous monthly dividend of $0.12.
Blackrock Multi-Sector Income Trust has increased its dividend payment by an average of 2.9% annually over the last three years.
NYSE:BIT opened at $17.06 on Thursday. Blackrock Multi-Sector Income Trust has a 12 month low of $14.79 and a 12 month high of $17.67. The company has a 50 day simple moving average of $17.12 and a two-hundred day simple moving average of $17.05.
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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