Welcome to our dedicated page for BlackRock Income Trust news (Ticker: BKT), a resource for investors and traders seeking the latest updates and insights on BlackRock Income Trust stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect BlackRock Income Trust's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of BlackRock Income Trust's position in the market.
BlackRock Income Trust, Inc. (NYSE:BKT) announced a 1-for-3 reverse stock split approved by its Board of Directors. This split will take effect before trading opens on October 18, 2022, with record stockholders as of October 17, 2022. The reverse split is expected to reduce the number of outstanding shares, potentially increasing the market price per share. Following the split, the monthly distribution will rise from $0.0294 to $0.0882 per share, maintaining cash flow to shareholders. The Fund aims to enhance liquidity and broaden investor interest.
FAQ
What is the current stock price of BlackRock Income Trust (BKT)?
What is the market cap of BlackRock Income Trust (BKT)?
