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

BlackRock Multi-Sector Income Trust (NYSE:BIT) announced a monthly dividend on Friday, January 2nd. Stockholders of record on Tuesday, January 20th will be paid a dividend of 0.1237 per share by the investment management company on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date of this dividend is Tuesday, January 20th.

BlackRock Multi-Sector Income Trust Trading Down 0.4%

BIT opened at $13.30 on Friday. BlackRock Multi-Sector Income Trust has a one year low of $12.50 and a one year high of $15.12. The business’s 50 day moving average price is $13.17 and its 200 day moving average price is $13.64.

Institutional Trading of BlackRock Multi-Sector Income Trust

Hedge funds and other institutional investors have recently modified their holdings of the business. Absolute Investment Advisers LLC acquired a new position in shares of BlackRock Multi-Sector Income Trust in the third quarter worth $718,000. Janney Montgomery Scott LLC grew its stake in BlackRock Multi-Sector Income Trust by 11.7% during the 2nd quarter. Janney Montgomery Scott LLC now owns 65,493 shares of the investment management company’s stock worth $956,000 after purchasing an additional 6,835 shares in the last quarter. Truist Financial Corp increased its holdings in BlackRock Multi-Sector Income Trust by 8.1% during the 2nd quarter. Truist Financial Corp now owns 116,774 shares of the investment management company’s stock worth $1,705,000 after purchasing an additional 8,743 shares during the period. Concurrent Investment Advisors LLC raised its position in BlackRock Multi-Sector Income Trust by 15.1% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 14,069 shares of the investment management company’s stock valued at $205,000 after purchasing an additional 1,849 shares in the last quarter. Finally, Stratos Wealth Partners LTD. purchased a new stake in shares of BlackRock Multi-Sector Income Trust in the 2nd quarter valued at approximately $210,000.

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.