BlackRock Multi-Sector Income Trust Declares Monthly Dividend of $0.12 (NYSE:BIT)

BlackRock Multi-Sector Income Trust (NYSE:BIT) announced a monthly dividend on Wednesday, May 1st, Zacks reports. Shareholders of record on Wednesday, May 15th will be given a dividend of 0.124 per share by the investment management company on Friday, May 31st. This represents a $1.49 annualized dividend and a yield of 9.64%. The ex-dividend date of this dividend is Tuesday, May 14th.

BlackRock Multi-Sector Income Trust Stock Up 0.2 %

Shares of BlackRock Multi-Sector Income Trust stock traded up $0.03 on Friday, reaching $15.44. 113,236 shares of the company traded hands, compared to its average volume of 89,677. BlackRock Multi-Sector Income Trust has a 52 week low of $13.65 and a 52 week high of $15.98. The company has a 50 day moving average of $15.51 and a 200 day moving average of $15.13.

BlackRock Multi-Sector Income Trust Company Profile

BlackRock Multi-Sector Income Trust is a close ended fixed income mutual fund launched by BlackRock, Inc It is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. The fund invests in fixed income markets. It invests primarily in loan and debt instruments and other investments with similar economic characteristic.