BlackRock Income Trust Inc. (NYSE:BKT) declared a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Stockholders of record on Monday, October 16th will be paid a dividend of 0.0265 per share on Tuesday, October 31st. This represents a $0.32 annualized dividend and a dividend yield of 5.03%. The ex-dividend date of this dividend is Friday, October 13th.

BlackRock Income Trust has decreased its dividend payment by an average of 11.1% per year over the last three years.

BlackRock Income Trust (BKT) traded down 0.47% during trading on Tuesday, reaching $6.29. 88,003 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $6.32 and its 200-day moving average price is $6.28. BlackRock Income Trust has a 52-week low of $6.06 and a 52-week high of $6.52.

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About BlackRock Income Trust

BlackRock Income Trust, Inc (the Trust) is a diversified, closed-end management investment company. The Trust’s investment objective is to provide current income and capital appreciation. The Trust seeks to achieve its investment objective by investing at least 75% of its managed assets in bonds that are investment grade quality at the time of investment.

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