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

BlackRock Multi-Sector Income Trust (NYSE:BIT) declared a monthly dividend on Thursday, September 10th. Shareholders of record on Friday, November 13th will be paid a dividend of 0.1237 per share by the investment management company on Monday, November 30th. This represents a c) dividend on an annualized basis and a yield of 12.6%. The ex-dividend date is Friday, November 13th.

BlackRock Multi-Sector Income Trust Stock Down 0.8%

Shares of BIT opened at $11.79 on Friday. The business has a fifty day moving average of $12.18 and a 200 day moving average of $12.46. BlackRock Multi-Sector Income Trust has a one year low of $11.77 and a one year high of $13.97.

Hedge Funds Weigh In On BlackRock Multi-Sector Income Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BIT. World Investment Advisors lifted its stake in BlackRock Multi-Sector Income Trust by 9.4% in the fourth quarter. World Investment Advisors now owns 12,660 shares of the investment management company’s stock worth $152,000 after purchasing an additional 1,084 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of BlackRock Multi-Sector Income Trust by 1.6% during the 3rd quarter. NewEdge Advisors LLC now owns 85,795 shares of the investment management company’s stock worth $1,149,000 after acquiring an additional 1,366 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in BlackRock Multi-Sector Income Trust by 1.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 119,506 shares of the investment management company’s stock valued at $1,561,000 after acquiring an additional 1,566 shares during the period. Comerica Bank grew its position in BlackRock Multi-Sector Income Trust by 24.0% in the 4th quarter. Comerica Bank now owns 8,619 shares of the investment management company’s stock valued at $113,000 after acquiring an additional 1,669 shares during the last quarter. Finally, &PARTNERS lifted its position in shares of BlackRock Multi-Sector Income Trust by 16.0% during the fourth quarter. &PARTNERS now owns 14,594 shares of the investment management company’s stock worth $191,000 after purchasing an additional 2,009 shares during the last quarter.

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.