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

BlackRock Multi-Sector Income Trust (NYSE:BIT) announced a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Investors of record on Friday, November 15th will be given a dividend of 0.1237 per share by the investment management company on Friday, November 29th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.02%. The ex-dividend date of this dividend is Friday, November 15th.

BlackRock Multi-Sector Income Trust Trading Up 0.3 %

BIT stock traded up $0.04 during midday trading on Wednesday, reaching $14.82. 102,068 shares of the company’s stock traded hands, compared to its average volume of 111,670. The company has a 50-day moving average price of $14.96 and a two-hundred day moving average price of $14.88. BlackRock Multi-Sector Income Trust has a 52 week low of $14.39 and a 52 week high of $15.98.

Analyst Ratings Changes

Separately, Royal Bank of Canada raised shares of BlackRock Multi-Sector Income Trust to a “hold” rating in a research note on Thursday, July 25th.

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.