Blackrock Multi-Sector Income Trust (NYSE:BIT) announced a monthly dividend on Thursday, May 2nd, Wall Street Journal reports. Stockholders of record on Wednesday, May 15th will be paid a dividend of 0.1167 per share by the investment management company on Friday, May 31st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 8.22%. The ex-dividend date of this dividend is Tuesday, May 14th.
Blackrock Multi-Sector Income Trust has raised its dividend payment by an average of 2.9% annually over the last three years.
Blackrock Multi-Sector Income Trust stock opened at $17.04 on Friday. Blackrock Multi-Sector Income Trust has a one year low of $14.79 and a one year high of $17.75.
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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.
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