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

BlackRock Multi-Sector Income Trust (NYSE:BITGet Free Report) declared a monthly dividend on Monday, April 1st, Zacks reports. Stockholders of record on Monday, April 15th will be given a dividend of 0.124 per share by the investment management company on Tuesday, April 30th. This represents a $1.49 annualized dividend and a dividend yield of 9.52%. The ex-dividend date of this dividend is Friday, April 12th.

BlackRock Multi-Sector Income Trust Stock Performance

Shares of BIT traded down $0.04 during trading hours on Wednesday, hitting $15.63. The stock had a trading volume of 26,778 shares, compared to its average volume of 89,618. The firm has a 50 day simple moving average of $15.52 and a 200-day simple moving average of $15.01. BlackRock Multi-Sector Income Trust has a 1-year low of $13.65 and a 1-year high of $15.98.

Hedge Funds Weigh In On BlackRock Multi-Sector Income Trust

Hedge funds and other institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its stake in shares of BlackRock Multi-Sector Income Trust by 1,040.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,700 shares of the investment management company’s stock worth $81,000 after buying an additional 5,200 shares during the last quarter. Comerica Bank bought a new stake in shares of BlackRock Multi-Sector Income Trust in the 3rd quarter worth approximately $115,000. Nations Financial Group Inc. IA ADV bought a new stake in shares of BlackRock Multi-Sector Income Trust in the 1st quarter worth approximately $167,000. Advisory Services Network LLC bought a new stake in shares of BlackRock Multi-Sector Income Trust in the 1st quarter worth approximately $173,000. Finally, Mariner LLC raised its holdings in shares of BlackRock Multi-Sector Income Trust by 13.3% in the 3rd quarter. Mariner LLC now owns 12,750 shares of the investment management company’s stock worth $184,000 after purchasing an additional 1,500 shares during the period.

BlackRock Multi-Sector Income Trust Company Profile

(Get Free Report)

BlackRock Multi-Sector Income Trust is a close ended fixed income mutual fund launched by BlackRock, Inc It is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. The fund invests in fixed income markets. It invests primarily in loan and debt instruments and other investments with similar economic characteristic.

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Dividend History for BlackRock Multi-Sector Income Trust (NYSE:BIT)

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