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

BlackRock Multi-Sector Income Trust (NYSE:BIT) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, April 15th will be given a dividend of 0.1237 per share by the investment management company on Wednesday, April 30th. This represents a $1.48 dividend on an annualized basis and a yield of 11.00%. The ex-dividend date of this dividend is Tuesday, April 15th.

BlackRock Multi-Sector Income Trust Price Performance

BIT stock opened at $13.50 on Friday. The firm has a fifty day moving average price of $14.42 and a 200 day moving average price of $14.63. BlackRock Multi-Sector Income Trust has a fifty-two week low of $12.50 and a fifty-two week high of $15.50.

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.