Blackrock Multi-Sector Income Trust to Issue Monthly Dividend of $0.12 (BIT)
Blackrock Multi-Sector Income Trust (NYSE:BIT) declared a monthly dividend on Thursday, November 2nd, Wall Street Journal reports. Stockholders of record on Wednesday, November 15th will be paid a dividend of 0.1167 per share on Thursday, November 30th. This represents a $1.40 annualized dividend and a dividend yield of 7.55%. The ex-dividend date is Tuesday, November 14th.
Blackrock Multi-Sector Income Trust has raised its dividend payment by an average of 10.1% per year over the last three years.
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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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