Blackrock Multi-Sector Income Trust (NYSE:BIT) announced a monthly dividend on Monday, July 1st, NASDAQ reports. Investors of record on Monday, July 15th will be paid a dividend of 0.117 per share by the investment management company on Wednesday, July 31st. This represents a $1.40 dividend on an annualized basis and a yield of 8.07%. The ex-dividend date of this dividend is Friday, July 12th.
Blackrock Multi-Sector Income Trust has increased its dividend payment by an average of 2.9% annually over the last three years.
Shares of BIT stock opened at $17.40 on Wednesday. The stock has a 50-day moving average price of $17.11. Blackrock Multi-Sector Income Trust has a 12 month low of $14.79 and a 12 month high of $17.75.
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.
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