BlackRock Income Trust Inc. (BKT) to Issue Monthly Dividend of $0.03
BlackRock Income Trust Inc. (NYSE:BKT) declared a monthly dividend on Monday, December 4th, Wall Street Journal reports. Shareholders of record on Tuesday, December 12th will be paid a dividend of 0.0265 per share on Tuesday, December 19th. This represents a $0.32 annualized dividend and a yield of 5.18%. The ex-dividend date is Monday, December 11th.
BlackRock Income Trust has decreased its dividend by an average of 11.1% per year over the last three years.
Shares of BlackRock Income Trust (NYSE:BKT) traded down $0.01 during trading on Monday, reaching $6.14. 205,500 shares of the company’s stock traded hands, compared to its average volume of 94,807. BlackRock Income Trust has a 52 week low of $6.06 and a 52 week high of $6.40.
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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