BlackRock Multi-Sector Income Trust (NYSE:BIT – Get Free Report) announced a monthly dividend on Friday, February 27th. Stockholders of record on Monday, June 15th will be paid a dividend of 0.1237 per share by the investment management company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 11.8%. The ex-dividend date is Monday, June 15th.
BlackRock Multi-Sector Income Trust Stock Performance
Shares of BIT traded down $0.03 during mid-day trading on Friday, reaching $12.57. The company had a trading volume of 214,082 shares, compared to its average volume of 274,828. The firm has a 50-day moving average price of $12.62 and a 200 day moving average price of $12.91. BlackRock Multi-Sector Income Trust has a 52 week low of $12.20 and a 52 week high of $15.12.
BlackRock Multi-Sector Income Trust Company Profile
BlackRock Multi-Sector Income Trust (NYSE:BIT) is a closed-end management investment company sponsored by BlackRock, Inc The trust seeks to provide high current income and total return by investing across a broad range of income-producing sectors. It trades on the New York Stock Exchange under the ticker symbol BIT and is managed by BlackRock Advisors, LLC.
The trust’s portfolio is diversified across multiple sectors of the fixed-income market, including investment-grade corporate bonds, high-yield corporate debt, U.S.
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