BlackRock Multi-Sector (NYSE:BIT) declared a monthly dividend on Tuesday, April 3rd, Wall Street Journal reports. Shareholders of record on Monday, April 16th will be given a dividend of 0.1167 per share by the investment management company on Monday, April 30th. This represents a $1.40 dividend on an annualized basis and a yield of 8.36%. The ex-dividend date is Friday, April 13th.
BlackRock Multi-Sector has decreased its dividend by an average of 5.9% per year over the last three years.
BIT stock opened at $16.76 on Friday. BlackRock Multi-Sector has a twelve month low of $16.56 and a twelve month high of $18.77.
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About BlackRock Multi-Sector
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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