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

BlackRock Multi-Sector Income Trust (NYSE:BIT) announced a monthly dividend on Friday, December 6th,NASDAQ Dividends reports. Shareholders of record on Monday, December 16th will be paid a dividend of 0.1237 per share by the investment management company on Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 10.05%. The ex-dividend date is Monday, December 16th.

BlackRock Multi-Sector Income Trust Stock Performance

Shares of BIT stock traded down $0.05 during trading hours on Friday, reaching $14.77. 315,394 shares of the company’s stock were exchanged, compared to its average volume of 116,066. The company’s 50 day moving average is $14.80 and its two-hundred day moving average is $14.79. BlackRock Multi-Sector Income Trust has a 1 year low of $14.39 and a 1 year high of $15.98.

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.