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

BlackRock Multi-Sector Income Trust (NYSE:BIT) announced a monthly dividend on Thursday, September 12th, NASDAQ reports. Shareholders of record on Tuesday, October 15th will be given a dividend of 0.1237 per share by the investment management company on Thursday, October 31st. This represents a $1.48 dividend on an annualized basis and a yield of 9.92%. The ex-dividend date of this dividend is Tuesday, October 15th.

BlackRock Multi-Sector Income Trust Stock Performance

BIT traded down $0.08 during trading on Friday, reaching $14.97. The stock had a trading volume of 236,616 shares, compared to its average volume of 108,518. BlackRock Multi-Sector Income Trust has a 1-year low of $13.65 and a 1-year high of $15.98. The stock has a 50 day moving average of $14.95 and a two-hundred day moving average of $14.98.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada upgraded BlackRock Multi-Sector Income Trust to a “hold” rating in a research report 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.