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

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 paid a dividend of 0.1237 per share by the investment management company on Friday, November 29th. This represents a $1.48 annualized dividend and a yield of 10.00%. The ex-dividend date is Friday, November 15th.

BlackRock Multi-Sector Income Trust Stock Up 0.2 %

BIT traded up $0.03 during trading on Thursday, hitting $14.84. The company’s stock had a trading volume of 66,627 shares, compared to its average volume of 111,519. The business’s 50 day simple moving average is $14.95 and its 200-day simple moving average is $14.88. BlackRock Multi-Sector Income Trust has a one year low of $14.39 and a one year high of $15.98.

Analysts Set New Price Targets

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

About BlackRock Multi-Sector Income Trust

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.