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

BlackRock Multi-Sector Income Trust (NYSE:BIT) declared a monthly dividend on Friday, June 5th. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.1237 per share by the investment management company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 12.7%. The ex-dividend date is Tuesday, September 15th.

BlackRock Multi-Sector Income Trust Stock Performance

Shares of BIT stock opened at $11.72 on Friday. The stock’s 50-day moving average price is $12.16 and its 200 day moving average price is $12.46. BlackRock Multi-Sector Income Trust has a 52-week low of $11.71 and a 52-week high of $13.93.

Institutional Investors Weigh In On BlackRock Multi-Sector Income Trust

Several hedge funds have recently modified their holdings of BIT. Garton & Associates Financial Advisors LLC acquired a new position in BlackRock Multi-Sector Income Trust in the 4th quarter valued at $28,000. Global Retirement Partners LLC acquired a new stake in shares of BlackRock Multi-Sector Income Trust in the 2nd quarter worth $29,000. CoreCap Advisors LLC boosted its holdings in shares of BlackRock Multi-Sector Income Trust by 76.9% in the second quarter. CoreCap Advisors LLC now owns 6,900 shares of the investment management company’s stock valued at $86,000 after acquiring an additional 3,000 shares in the last quarter. Harbour Investments Inc. acquired a new position in shares of BlackRock Multi-Sector Income Trust during the fourth quarter worth about $94,000. Finally, Comerica Bank raised its holdings in BlackRock Multi-Sector Income Trust by 24.0% during the fourth quarter. Comerica Bank now owns 8,619 shares of the investment management company’s stock worth $113,000 after purchasing an additional 1,669 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.