Blackrock Income Trust (NYSE:BKT) to Issue Monthly Dividend of $0.09

Blackrock Income Trust (NYSE:BKT) declared a monthly dividend on Friday, December 12th. Investors of record on Monday, December 22nd will be paid a dividend of 0.0882 per share on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 9.6%. The ex-dividend date is Monday, December 22nd.

Blackrock Income Trust Stock Performance

Blackrock Income Trust stock opened at $11.04 on Friday. Blackrock Income Trust has a twelve month low of $10.85 and a twelve month high of $12.11. The business has a fifty day moving average of $11.10 and a two-hundred day moving average of $11.42.

Hedge Funds Weigh In On Blackrock Income Trust

A number of large investors have recently made changes to their positions in the business. 1607 Capital Partners LLC acquired a new position in Blackrock Income Trust during the 1st quarter valued at about $2,229,000. Guggenheim Capital LLC boosted its holdings in Blackrock Income Trust by 19.2% in the first quarter. Guggenheim Capital LLC now owns 941,125 shares of the company’s stock worth $11,152,000 after acquiring an additional 151,896 shares in the last quarter. Invesco Ltd. grew its stake in shares of Blackrock Income Trust by 1.9% during the first quarter. Invesco Ltd. now owns 216,607 shares of the company’s stock worth $2,567,000 after acquiring an additional 3,958 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of Blackrock Income Trust by 4.1% during the first quarter. Raymond James Financial Inc. now owns 1,157,663 shares of the company’s stock valued at $13,718,000 after acquiring an additional 45,257 shares in the last quarter. Finally, Consolidated Portfolio Review Corp raised its position in shares of Blackrock Income Trust by 311.8% in the 2nd quarter. Consolidated Portfolio Review Corp now owns 197,232 shares of the company’s stock valued at $2,317,000 after purchasing an additional 149,338 shares during the last quarter. 39.43% of the stock is owned by institutional investors and hedge funds.

About Blackrock Income Trust

BlackRock Income Trust (NYSE: BKT) is a diversified, closed-end management investment company sponsored by BlackRock, Inc The fund seeks to provide current income through investments in a broad array of fixed-income securities. Its holdings typically include high-yield corporate bonds, investment-grade corporate debt, government and agency obligations and securitized products such as mortgage- and asset-backed securities.

The trust employs active portfolio management, aiming to capitalize on credit opportunities across global and domestic markets.