Blackrock Multi-Sector Income Trust Declares Monthly Dividend of $0.12 (BIT)
Blackrock Multi-Sector Income Trust (NYSE:BIT) announced a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Shareholders of record on Monday, October 16th will be paid a dividend of 0.1167 per share on Tuesday, October 31st. This represents a $1.40 dividend on an annualized basis and a yield of 7.48%. The ex-dividend date of this dividend is Friday, October 13th.
Blackrock Multi-Sector Income Trust has increased its dividend by an average of 10.1% annually over the last three years.
Blackrock Multi-Sector Income Trust (NYSE BIT) traded up 0.27% during trading on Tuesday, reaching $18.73. The company’s stock had a trading volume of 110,067 shares. Blackrock Multi-Sector Income Trust has a 52 week low of $15.52 and a 52 week high of $18.77. The stock’s 50 day moving average is $18.39 and its 200-day moving average is $17.99.
Blackrock Multi-Sector Income Trust Company Profile
BlackRock Multi-Sector Income Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust’s investment objective is to provide current income, current gains and capital appreciation. The Trust has investments in various sectors, such as oil, gas and consumable fuels; real estate investment trusts; auto components; automobiles; banks; aerospace and defense; air freight and logistics; beverages; airlines; biotechnology; building products; capital markets; chemicals; containers and packaging; communications equipment; diversified telecommunication services; electric utilities; food and staples retailing; food products; healthcare equipment and supplies; electronic equipment, instruments and components; industrial conglomerates; insurance; Internet software and services; it services; household durables; media; household products; independent power and renewable electricity producers, and metals and mining.
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