BlackRock Multi-Sector Income Trust (NYSE:BIT) announced a monthly dividend on Monday, December 4th, Wall Street Journal reports. Shareholders of record on Tuesday, December 12th will be paid a dividend of 0.1167 per share by the investment management company on Tuesday, December 19th. This represents a $1.40 dividend on an annualized basis and a yield of 7.69%. The ex-dividend date is Monday, December 11th.
BlackRock Multi-Sector Income Trust has raised its dividend payment by an average of 10.1% per year over the last three years.
Shares of BlackRock Multi-Sector Income Trust (NYSE:BIT) traded up $0.14 during midday trading on Tuesday, reaching $18.20. The company’s stock had a trading volume of 154,700 shares, compared to its average volume of 119,465. BlackRock Multi-Sector Income Trust has a 12-month low of $16.13 and a 12-month high of $18.77.
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About BlackRock Multi-Sector Income Trust
BlackRock Multi-Sector Income Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust’s investment objective is to provide current income, current gains and capital appreciation. The Trust has investments in various sectors, such as oil, gas and consumable fuels; real estate investment trusts; auto components; automobiles; banks; aerospace and defense; air freight and logistics; beverages; airlines; biotechnology; building products; capital markets; chemicals; containers and packaging; communications equipment; diversified telecommunication services; electric utilities; food and staples retailing; food products; healthcare equipment and supplies; electronic equipment, instruments and components; industrial conglomerates; insurance; Internet software and services; it services; household durables; media; household products; independent power and renewable electricity producers, and metals and mining.
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