Positive Media Coverage Somewhat Unlikely to Affect Blackrock Multi-Sector Income Trust (BIT) Share Price
News headlines about Blackrock Multi-Sector Income Trust (NYSE:BIT) have been trending positive recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Blackrock Multi-Sector Income Trust earned a coverage optimism score of 0.30 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 47.4811453600282 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of Blackrock Multi-Sector Income Trust (NYSE BIT) traded down 0.54% during midday trading on Friday, reaching $18.29. The company had a trading volume of 123,017 shares. The stock has a 50-day moving average of $18.30 and a 200 day moving average of $17.84. Blackrock Multi-Sector Income Trust has a 52 week low of $15.52 and a 52 week high of $18.58.
The business also recently disclosed a monthly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.1167 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.40 annualized dividend and a yield of 7.66%.
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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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