BlackRock Income Trust, Inc. (NYSE:BKT - Get Free Report) announced a monthly dividend on Monday, April 1st, Wall Street Journal reports. Stockholders of record on Monday, April 15th will be given a dividend of 0.0882 per share on Tuesday, April 30th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 9.00%. The ex-dividend date of this dividend is Friday, April 12th.
BlackRock Income Trust has decreased its dividend payment by an average of 5.1% annually over the last three years.
BlackRock Income Trust Stock Down 0.2 %
Shares of BKT traded down $0.02 during midday trading on Wednesday, reaching $11.76. 118,840 shares of the stock were exchanged, compared to its average volume of 63,340. The business's 50-day moving average price is $11.92 and its 200 day moving average price is $11.70. BlackRock Income Trust has a twelve month low of $10.55 and a twelve month high of $12.92.
Hedge Funds Weigh In On BlackRock Income Trust
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Comerica Bank grew its holdings in shares of BlackRock Income Trust by 15.5% during the fourth quarter. Comerica Bank now owns 6,690 shares of the company's stock worth $81,000 after buying an additional 896 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of BlackRock Income Trust by 5.2% during the 2nd quarter. Osaic Holdings Inc. now owns 22,649 shares of the company's stock valued at $276,000 after acquiring an additional 1,127 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of BlackRock Income Trust by 48.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 24,620 shares of the company's stock valued at $300,000 after acquiring an additional 7,986 shares during the period. JPMorgan Chase & Co. lifted its position in shares of BlackRock Income Trust by 289,083.3% during the 1st quarter. JPMorgan Chase & Co. now owns 17,351 shares of the company's stock valued at $218,000 after acquiring an additional 17,345 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of BlackRock Income Trust during the 1st quarter valued at approximately $169,000. Hedge funds and other institutional investors own 39.43% of the company's stock.
About BlackRock Income Trust
(
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BlackRock Income Trust, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of the United States. The fund invests in securities of companies that operate across diversified sectors. It invests in securities such as U.S.
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