BlackRock Multi-Sector Income Trust (BIT) to Issue Monthly Dividend of $0.12 on October 30th

BlackRock Multi-Sector Income Trust (NYSE:BIT) declared a monthly dividend on Thursday, September 10th. Investors of record on Thursday, October 15th will be paid 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 12.7%. The ex-dividend date of this dividend is Thursday, October 15th.

BlackRock Multi-Sector Income Trust Price Performance

Shares of BIT stock opened at $11.72 on Friday. BlackRock Multi-Sector Income Trust has a 12-month low of $11.71 and a 12-month high of $13.93. The firm has a 50-day moving average price of $12.16 and a 200 day moving average price of $12.46.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Garton & Associates Financial Advisors LLC bought a new stake in BlackRock Multi-Sector Income Trust during the 4th quarter worth approximately $28,000. Global Retirement Partners LLC bought a new position in BlackRock Multi-Sector Income Trust in the 2nd quarter valued at $29,000. CoreCap Advisors LLC boosted its stake in 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 worth $86,000 after purchasing an additional 3,000 shares in the last quarter. Harbour Investments Inc. acquired a new position in BlackRock Multi-Sector Income Trust in the fourth quarter worth $94,000. Finally, Comerica Bank grew its holdings in shares of 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 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.