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

BlackRock Multi-Sector Income Trust (NYSE:BIT) declared a monthly dividend on Thursday, September 10th. Shareholders of record on Thursday, October 15th will be given 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 Trading Down 0.8%

Shares of NYSE BIT opened at $11.79 on Friday. The company’s 50-day simple moving average is $12.18 and its 200-day simple moving average is $12.46. BlackRock Multi-Sector Income Trust has a 52-week low of $11.77 and a 52-week high of $13.97.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Beta Wealth Group Inc. purchased a new position in shares of BlackRock Multi-Sector Income Trust in the fourth quarter valued at approximately $1,862,000. Wealth Care LLC purchased a new stake in shares of BlackRock Multi-Sector Income Trust during the first quarter worth approximately $650,000. 1607 Capital Partners LLC purchased a new stake in shares of BlackRock Multi-Sector Income Trust during the fourth quarter worth approximately $2,166,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of BlackRock Multi-Sector Income Trust during the first quarter worth approximately $4,664,000. Finally, Calamos Advisors LLC raised its stake in BlackRock Multi-Sector Income Trust by 13.5% in the 1st quarter. Calamos Advisors LLC now owns 34,160 shares of the investment management company’s stock valued at $428,000 after purchasing an additional 4,065 shares during 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.