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

BlackRock Multi-Sector Income Trust (NYSE:BIT) announced a monthly dividend on Friday, December 12th. Shareholders of record on Monday, December 22nd will be paid a dividend of 0.1237 per share by the investment management company on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 11.3%. The ex-dividend date is Monday, December 22nd.

BlackRock Multi-Sector Income Trust Price Performance

Shares of BlackRock Multi-Sector Income Trust stock opened at $13.16 on Friday. BlackRock Multi-Sector Income Trust has a 52 week low of $12.50 and a 52 week high of $15.12. The business has a 50 day moving average price of $13.18 and a 200-day moving average price of $13.82.

Institutional Trading of BlackRock Multi-Sector Income Trust

A number of institutional investors and hedge funds have recently modified their holdings of BIT. Creekmur Asset Management LLC raised its stake in shares of BlackRock Multi-Sector Income Trust by 161.4% during the 2nd quarter. Creekmur Asset Management LLC now owns 4,719 shares of the investment management company’s stock worth $69,000 after purchasing an additional 2,914 shares during the period. Anfield Capital Management LLC purchased a new position in BlackRock Multi-Sector Income Trust in the third quarter valued at about $99,000. World Investment Advisors purchased a new stake in shares of BlackRock Multi-Sector Income Trust during the 3rd quarter worth approximately $155,000. Wealth Enhancement Advisory Services LLC purchased a new stake in BlackRock Multi-Sector Income Trust in the third quarter worth $155,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of BlackRock Multi-Sector Income Trust in the third quarter valued at $161,000.

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.