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

BlackRock Multi-Sector Income Trust (NYSE:BIT) declared a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.1237 per share by the investment management company on Friday, November 29th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.00%. The ex-dividend date of this dividend is Friday, November 15th.

BlackRock Multi-Sector Income Trust Price Performance

Shares of BlackRock Multi-Sector Income Trust stock traded up $0.06 during trading on Wednesday, reaching $14.84. 89,677 shares of the company’s stock were exchanged, compared to its average volume of 111,614. BlackRock Multi-Sector Income Trust has a 1-year low of $14.39 and a 1-year high of $15.98. The firm’s 50-day moving average price is $14.96 and its 200 day moving average price is $14.88.

Analysts Set New Price Targets

Separately, Royal Bank of Canada raised 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.