Blackrock Multi-Sector Income Trust Announces Monthly Dividend of $0.12 (BIT)
Blackrock Multi-Sector Income Trust (NYSE:BIT) announced a monthly dividend on Tuesday, December 4th, Wall Street Journal reports. Investors of record on Thursday, December 13th will be given a dividend of 0.1167 per share by the investment management company on Wednesday, December 19th. This represents a $1.40 annualized dividend and a dividend yield of 8.63%. The ex-dividend date is Wednesday, December 12th.
Blackrock Multi-Sector Income Trust has decreased its dividend by an average of 5.9% annually over the last three years.
NYSE BIT opened at $16.23 on Friday. Blackrock Multi-Sector Income Trust has a 1 year low of $15.97 and a 1 year high of $18.37.
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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.
Further Reading: Earnings Per Share
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