BlackRock Multi-Sector Income Trust (NYSE:BIT) Declares $0.12 Monthly Dividend

BlackRock Multi-Sector Income Trust (NYSE:BIT) declared a monthly dividend on Friday, February 27th. Stockholders of record on Monday, June 15th will be given a dividend of 0.1237 per share by the investment management company on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 11.8%. The ex-dividend date is Monday, June 15th.

BlackRock Multi-Sector Income Trust Trading Down 0.2%

BIT stock opened at $12.57 on Friday. The firm has a 50 day moving average price of $12.62 and a 200-day moving average price of $12.91. BlackRock Multi-Sector Income Trust has a 52-week low of $12.20 and a 52-week high of $15.12.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP grew its stake in shares of BlackRock Multi-Sector Income Trust by 7.1% in the second quarter. First Trust Advisors LP now owns 61,478 shares of the investment management company’s stock worth $898,000 after acquiring an additional 4,070 shares during the last quarter. NewEdge Advisors LLC boosted its stake in BlackRock Multi-Sector Income Trust by 2.0% in the 2nd quarter. NewEdge Advisors LLC now owns 84,429 shares of the investment management company’s stock worth $1,233,000 after purchasing an additional 1,678 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in BlackRock Multi-Sector Income Trust during the 3rd quarter valued at about $155,000. Envestnet Asset Management Inc. increased its stake in BlackRock Multi-Sector Income Trust by 12.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 327,723 shares of the investment management company’s stock valued at $4,388,000 after purchasing an additional 36,733 shares in the last quarter. Finally, Founders Financial Alliance LLC bought a new stake in BlackRock Multi-Sector Income Trust during the 3rd quarter valued at about $231,000.

About BlackRock Multi-Sector Income Trust

BlackRock Multi-Sector Income Trust (NYSE:BIT) is a closed-end management investment company sponsored by BlackRock, Inc The trust seeks to provide high current income and total return by investing across a broad range of income-producing sectors. It trades on the New York Stock Exchange under the ticker symbol BIT and is managed by BlackRock Advisors, LLC.

The trust’s portfolio is diversified across multiple sectors of the fixed-income market, including investment-grade corporate bonds, high-yield corporate debt, U.S.