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

Blackrock Income Trust (NYSE:BKT) announced a monthly dividend on Friday, January 2nd. Investors of record on Tuesday, January 20th will be given a dividend of 0.0882 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 9.5%. The ex-dividend date is Tuesday, January 20th.

Blackrock Income Trust Trading Down 0.1%

BKT stock opened at $11.12 on Friday. Blackrock Income Trust has a 1-year low of $10.85 and a 1-year high of $12.11. The business’s 50-day moving average price is $11.05 and its two-hundred day moving average price is $11.35.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BKT. Allspring Global Investments Holdings LLC acquired a new position in Blackrock Income Trust in the 4th quarter valued at $1,384,000. TrueMark Investments LLC bought a new stake in shares of Blackrock Income Trust during the fourth quarter worth about $221,000. Riverbridge Partners LLC bought a new position in shares of Blackrock Income Trust during the fourth quarter worth about $1,154,000. Uhlmann Price Securities LLC bought a new stake in Blackrock Income Trust in the fourth quarter valued at approximately $113,000. Finally, Noble Wealth Management PBC lifted its holdings in Blackrock Income Trust by 4,325.0% in the fourth quarter. Noble Wealth Management PBC now owns 44,250 shares of the company’s stock valued at $489,000 after buying an additional 43,250 shares during the period. 39.43% of the stock is currently 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.