Blackrock Multi-Sector Income Trust (NYSE:BIT) declared a monthly dividend on Monday, March 5th, Wall Street Journal reports. Stockholders of record on Thursday, March 15th will be given a dividend of 0.1167 per share by the investment management company on Thursday, March 29th. This represents a $1.40 annualized dividend and a dividend yield of 7.98%. The ex-dividend date is Wednesday, March 14th.
Blackrock Multi-Sector Income Trust has decreased its dividend by an average of 5.9% per year over the last three years.
Blackrock Multi-Sector Income Trust (NYSE:BIT) traded up $0.05 during trading on Tuesday, hitting $17.55. 17,954 shares of the stock traded hands, compared to its average volume of 127,901. Blackrock Multi-Sector Income Trust has a 52-week low of $16.70 and a 52-week high of $18.77.
About Blackrock Multi-Sector Income Trust
BlackRock Multi-Sector Income Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust’s investment objective is to provide current income, current gains and capital appreciation. The Trust has investments in various sectors, such as oil, gas and consumable fuels; real estate investment trusts; auto components; automobiles; banks; aerospace and defense; air freight and logistics; beverages; airlines; biotechnology; building products; capital markets; chemicals; containers and packaging; communications equipment; diversified telecommunication services; electric utilities; food and staples retailing; food products; healthcare equipment and supplies; electronic equipment, instruments and components; industrial conglomerates; insurance; Internet software and services; it services; household durables; media; household products; independent power and renewable electricity producers, and metals and mining.
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