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 Friday, November 1st,NASDAQ Dividends reports. Stockholders 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 10.03%. The ex-dividend date is Friday, November 15th.

BlackRock Multi-Sector Income Trust Price Performance

BIT traded up $0.02 during trading on Wednesday, reaching $14.80. 94,128 shares of the stock traded hands, compared to its average volume of 111,634. BlackRock Multi-Sector Income Trust has a fifty-two week low of $14.39 and a fifty-two week high of $15.98. The stock’s 50-day simple moving average is $14.96 and its two-hundred day simple moving average is $14.88.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada upgraded 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.