Blackrock Multi-Sector Income Trust Announces Monthly Dividend of $0.12 (BIT)

Blackrock Multi-Sector Income Trust (NYSE:BIT) announced a monthly dividend on Monday, February 5th, Wall Street Journal reports. Shareholders of record on Thursday, February 15th will be given a dividend of 0.1167 per share by the investment management company on Wednesday, February 28th. This represents a $1.40 annualized dividend and a yield of 8.05%. The ex-dividend date is Wednesday, February 14th.

Blackrock Multi-Sector Income Trust has decreased its dividend payment by an average of 5.9% annually over the last three years.

Blackrock Multi-Sector Income Trust (NYSE:BIT) traded down $0.32 during mid-day trading on Monday, reaching $17.40. 282,410 shares of the company’s stock traded hands, compared to its average volume of 151,217. Blackrock Multi-Sector Income Trust has a 12-month low of $16.70 and a 12-month high of $18.77.

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About Blackrock Multi-Sector Income Trust

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.

Dividend History for Blackrock Multi-Sector Income Trust (NYSE:BIT)

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