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. Shareholders of record on Friday, March 13th will be paid a dividend of 0.1237 per share by the investment management company on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 11.6%. The ex-dividend date of this dividend is Friday, March 13th.

BlackRock Multi-Sector Income Trust Stock Performance

BlackRock Multi-Sector Income Trust stock traded down $0.02 during trading hours on Wednesday, reaching $12.83. 85,808 shares of the company’s stock were exchanged, compared to its average volume of 274,552. The firm’s 50 day simple moving average is $13.18 and its 200 day simple moving average is $13.27. BlackRock Multi-Sector Income Trust has a twelve month low of $12.50 and a twelve month high of $15.12.

Institutional Investors Weigh In On BlackRock Multi-Sector Income Trust

Several large investors have recently added to or reduced their stakes in BIT. Penserra Capital Management LLC bought a new stake in BlackRock Multi-Sector Income Trust in the third quarter worth approximately $6,202,000. Wells Fargo & Company MN boosted its holdings in shares of BlackRock Multi-Sector Income Trust by 440.2% during the 4th quarter. Wells Fargo & Company MN now owns 474,153 shares of the investment management company’s stock worth $6,192,000 after buying an additional 386,375 shares in the last quarter. Yakira Capital Management Inc. bought a new position in shares of BlackRock Multi-Sector Income Trust during the 3rd quarter worth approximately $4,110,000. Royal Bank of Canada grew its position in shares of BlackRock Multi-Sector Income Trust by 76.7% during the 4th quarter. Royal Bank of Canada now owns 681,655 shares of the investment management company’s stock worth $8,903,000 after buying an additional 295,974 shares during the period. Finally, Invesco Ltd. grew its position in shares of BlackRock Multi-Sector Income Trust by 53.8% during the 4th quarter. Invesco Ltd. now owns 673,510 shares of the investment management company’s stock worth $8,796,000 after buying an additional 235,625 shares during the period.

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.