Blackrock Multi-Sector Income Trust (BIT) to Issue Special Dividend of $0.13 on January 9th
Blackrock Multi-Sector Income Trust (NYSE:BIT) announced a special dividend on Wednesday, December 20th, Wall Street Journal reports. Stockholders of record on Friday, December 29th will be given a dividend of 0.131 per share by the investment management company on Tuesday, January 9th. This represents a dividend yield of 7.73%. The ex-dividend date is Thursday, December 28th.
Blackrock Multi-Sector Income Trust has raised its dividend by an average of 10.1% annually over the last three years.
Blackrock Multi-Sector Income Trust (NYSE BIT) traded down $0.03 on Wednesday, hitting $18.20. 77,136 shares of the stock were exchanged, compared to its average volume of 119,128. Blackrock Multi-Sector Income Trust has a one year low of $16.25 and a one year high of $18.77.
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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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