BlackRock Multi-Sector Income Trust to Issue Monthly Dividend of $0.12 (NYSE:BIT)

BlackRock Multi-Sector Income Trust (NYSE:BIT) announced a monthly dividend on Thursday, September 10th. Shareholders of record on Thursday, October 15th will be paid a dividend of 0.1237 per share by the investment management company on Friday, October 30th. This represents a c) annualized dividend and a yield of 12.6%. The ex-dividend date of this dividend is Thursday, October 15th.

BlackRock Multi-Sector Income Trust Stock Performance

Shares of BIT opened at $11.79 on Friday. The company has a 50 day moving average of $12.18 and a two-hundred day moving average of $12.46. BlackRock Multi-Sector Income Trust has a twelve month low of $11.77 and a twelve month high of $13.97.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Garton & Associates Financial Advisors LLC acquired a new stake in BlackRock Multi-Sector Income Trust in the fourth quarter worth about $28,000. Global Retirement Partners LLC acquired a new stake in BlackRock Multi-Sector Income Trust in the 2nd quarter worth approximately $29,000. CoreCap Advisors LLC grew its position in BlackRock Multi-Sector Income Trust by 76.9% during the 2nd quarter. CoreCap Advisors LLC now owns 6,900 shares of the investment management company’s stock worth $86,000 after purchasing an additional 3,000 shares during the last quarter. Harbour Investments Inc. acquired a new position in BlackRock Multi-Sector Income Trust during the 4th quarter valued at approximately $94,000. Finally, Western Wealth Management LLC purchased a new position in shares of BlackRock Multi-Sector Income Trust in the first quarter worth $110,000.

BlackRock Multi-Sector Income Trust Company Profile

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.