Favorable Media Coverage Somewhat Unlikely to Affect Blackrock Multi-Sector Income Trust (NYSE:BIT) Stock Price
Press coverage about Blackrock Multi-Sector Income Trust (NYSE:BIT) has trended positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Blackrock Multi-Sector Income Trust earned a media sentiment score of 0.31 on Accern’s scale. Accern also assigned news stories about the company an impact score of 47.391681881509 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Blackrock Multi-Sector Income Trust (NYSE:BIT) traded up 0.77% during midday trading on Friday, hitting $17.95. The stock had a trading volume of 125,666 shares. The firm has a 50 day moving average price of $18.19 and a 200 day moving average price of $17.69. Blackrock Multi-Sector Income Trust has a one year low of $15.52 and a one year high of $18.58.
The company also recently announced a monthly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be paid a dividend of $0.1167 per share. This represents a $1.40 annualized dividend and a yield of 7.80%. The ex-dividend date of this dividend is Friday, August 11th.
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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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