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

BlackRock Multi-Sector Income Trust (NYSE:BIT) announced a monthly dividend on Thursday, August 1st, Zacks reports. Stockholders of record on Thursday, August 15th will be paid a dividend of 0.124 per share by the investment management company on Friday, August 30th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 10.03%. The ex-dividend date of this dividend is Thursday, August 15th. This is a boost from BlackRock Multi-Sector Income Trust’s previous monthly dividend of $0.12.

BlackRock Multi-Sector Income Trust Stock Up 0.5 %

Shares of BIT stock traded up $0.07 during trading on Wednesday, hitting $14.84. The company had a trading volume of 27,673 shares, compared to its average volume of 102,610. The stock’s 50-day moving average is $14.64 and its two-hundred day moving average is $15.13. BlackRock Multi-Sector Income Trust has a 52 week low of $13.65 and a 52 week high of $15.98.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada raised shares of BlackRock Multi-Sector Income Trust to a “hold” rating in a report on Thursday, July 25th.

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.