BlackRock Multi-Sector Income Trust to Issue Monthly Dividend of $0.12 (NYSE:BIT)

BlackRock Multi-Sector Income Trust (NYSE:BIT) announced a monthly dividend on Wednesday, May 1st, Zacks reports. Stockholders of record on Wednesday, May 15th will be paid a dividend of 0.124 per share by the investment management company on Friday, May 31st. This represents a $1.49 annualized dividend and a dividend yield of 9.64%. The ex-dividend date is Tuesday, May 14th.

BlackRock Multi-Sector Income Trust Stock Performance

Shares of BlackRock Multi-Sector Income Trust stock traded up $0.03 during trading on Friday, reaching $15.44. The company’s stock had a trading volume of 113,236 shares, compared to its average volume of 89,677. The stock has a 50-day moving average price of $15.51 and a two-hundred day moving average price of $15.13. BlackRock Multi-Sector Income Trust has a one year low of $13.65 and a one year high of $15.98.

About BlackRock Multi-Sector Income Trust

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.