Blackrock Income Trust (NYSE:BKT) Plans Monthly Dividend of $0.09

Blackrock Income Trust (NYSE:BKT) announced a monthly dividend on Thursday, September 10th. Shareholders of record on Thursday, October 15th will be paid a dividend of 0.0882 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 10.6%. The ex-dividend date is Thursday, October 15th.

Blackrock Income Trust Price Performance

Shares of NYSE BKT opened at $10.02 on Friday. The business’s 50 day moving average is $10.39 and its two-hundred day moving average is $10.56. Blackrock Income Trust has a 52-week low of $10.01 and a 52-week high of $11.84.

Hedge Funds Weigh In On Blackrock Income Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Invesco Ltd. increased its stake in Blackrock Income Trust by 18.2% during the second quarter. Invesco Ltd. now owns 256,017 shares of the company’s stock worth $3,008,000 after purchasing an additional 39,410 shares during the period. Raymond James Financial Inc. boosted its stake in shares of Blackrock Income Trust by 6.7% in the second quarter. Raymond James Financial Inc. now owns 1,235,387 shares of the company’s stock valued at $14,516,000 after purchasing an additional 77,724 shares during the period. Comerica Bank boosted its stake in shares of Blackrock Income Trust by 43.0% in the third quarter. Comerica Bank now owns 10,533 shares of the company’s stock valued at $118,000 after purchasing an additional 3,166 shares during the period. Nomura Holdings Inc. acquired a new position in shares of Blackrock Income Trust in the third quarter valued at approximately $2,957,000. Finally, Sit Investment Associates Inc. grew its holdings in shares of Blackrock Income Trust by 9.4% in the fourth quarter. Sit Investment Associates Inc. now owns 5,050,211 shares of the company’s stock valued at $55,754,000 after purchasing an additional 435,016 shares in the last quarter. 39.43% of the stock is currently owned by hedge funds and other institutional investors.

About Blackrock Income Trust

BlackRock Income Trust (NYSE: BKT) is a diversified, closed-end management investment company sponsored by BlackRock, Inc The fund seeks to provide current income through investments in a broad array of fixed-income securities. Its holdings typically include high-yield corporate bonds, investment-grade corporate debt, government and agency obligations and securitized products such as mortgage- and asset-backed securities.

The trust employs active portfolio management, aiming to capitalize on credit opportunities across global and domestic markets.