BlackRock Multi-Sector Income Trust (BIT) To Go Ex-Dividend on May 14th

BlackRock Multi-Sector Income Trust (NYSE:BIT) declared a monthly dividend on Wednesday, May 1st, Zacks reports. Shareholders of record on Wednesday, May 15th will be given a dividend of 0.124 per share by the investment management company on Friday, May 31st. This represents a $1.49 annualized dividend and a yield of 9.64%. The ex-dividend date is Tuesday, May 14th.

BlackRock Multi-Sector Income Trust Price Performance

NYSE BIT traded up $0.03 during mid-day trading on Friday, reaching $15.44. 113,236 shares of the stock were exchanged, compared to its average volume of 89,677. The stock has a 50 day simple moving average of $15.51 and a 200-day simple moving average of $15.13. BlackRock Multi-Sector Income Trust has a one year low of $13.65 and a one year high of $15.98.

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.