BlackRock Multi-Sector Income Trust (NYSE:BIT) to Issue $0.12 Monthly Dividend

BlackRock Multi-Sector Income Trust (NYSE:BIT) declared a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Investors of record on Friday, November 15th will be paid 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 yield of 10.00%. The ex-dividend date is Friday, November 15th.

BlackRock Multi-Sector Income Trust Stock Up 0.4 %

Shares of BlackRock Multi-Sector Income Trust stock traded up $0.06 during trading on Wednesday, hitting $14.84. 89,677 shares of the stock traded hands, compared to its average volume of 111,614. BlackRock Multi-Sector Income Trust has a twelve month low of $14.39 and a twelve month high of $15.98. The company has a fifty day moving average price of $14.96 and a two-hundred day moving average price of $14.88.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada upgraded 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.