BlackRock Multi-Sector Income Trust (BIT) To Go Ex-Dividend on May 15th

BlackRock Multi-Sector Income Trust (NYSE:BIT) announced a monthly dividend on Friday, February 27th. Stockholders of record on Friday, May 15th will be paid a dividend of 0.1237 per share by the investment management company on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 11.7%. The ex-dividend date is Friday, May 15th.

BlackRock Multi-Sector Income Trust Stock Down 0.8%

BlackRock Multi-Sector Income Trust stock opened at $12.67 on Wednesday. The stock has a 50-day simple moving average of $12.68 and a 200 day simple moving average of $13.01. BlackRock Multi-Sector Income Trust has a 12-month low of $12.21 and a 12-month high of $15.12.

Institutional Investors Weigh In On BlackRock Multi-Sector Income Trust

Several institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC bought a new stake in shares of BlackRock Multi-Sector Income Trust in the 1st quarter valued at $4,664,000. Independent Financial Group LLC acquired a new position in shares of BlackRock Multi-Sector Income Trust in the 1st quarter valued at approximately $193,000. Calamos Advisors LLC raised its holdings in BlackRock Multi-Sector Income Trust by 13.5% during the 1st quarter. Calamos Advisors LLC now owns 34,160 shares of the investment management company’s stock worth $428,000 after buying an additional 4,065 shares during the period. Fifth Third Bancorp boosted its holdings in shares of BlackRock Multi-Sector Income Trust by 583.1% in the first quarter. Fifth Third Bancorp now owns 10,349 shares of the investment management company’s stock valued at $130,000 after buying an additional 8,834 shares during the period. Finally, Rareview Capital LLC increased its position in shares of BlackRock Multi-Sector Income Trust by 20.8% during the first quarter. Rareview Capital LLC now owns 147,763 shares of the investment management company’s stock worth $1,850,000 after acquiring an additional 25,438 shares in the last quarter.

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.