BlackRock Multi-Sector Income Trust (BIT) to Issue Monthly Dividend of $0.12 on April 30th

BlackRock Multi-Sector Income Trust (NYSE:BIT) declared a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, April 15th will be paid a dividend of 0.1237 per share by the investment management company on Wednesday, April 30th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 11.11%. The ex-dividend date of this dividend is Tuesday, April 15th.

BlackRock Multi-Sector Income Trust Trading Down 6.3 %

BlackRock Multi-Sector Income Trust stock opened at $13.37 on Friday. The stock has a fifty day moving average price of $14.60 and a two-hundred day moving average price of $14.70. BlackRock Multi-Sector Income Trust has a 52-week low of $12.98 and a 52-week high of $15.72.

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.