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

BlackRock Multi-Sector Income Trust (NYSE:BITGet Free Report) declared a monthly dividend on Friday, June 5th. Investors of record on Wednesday, July 15th will be given a dividend of 0.1237 per share by the investment management company on Friday, July 31st. This represents a c) annualized dividend and a yield of 11.9%. The ex-dividend date is Wednesday, July 15th.

BlackRock Multi-Sector Income Trust Stock Performance

Shares of NYSE BIT opened at $12.53 on Monday. The stock’s 50-day simple moving average is $12.52 and its two-hundred day simple moving average is $12.80. BlackRock Multi-Sector Income Trust has a twelve month low of $12.20 and a twelve month high of $15.12.

Institutional Investors Weigh In On BlackRock Multi-Sector Income Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Rivernorth Capital Management LLC lifted its position in BlackRock Multi-Sector Income Trust by 0.9% during the fourth quarter. Rivernorth Capital Management LLC now owns 1,763,718 shares of the investment management company’s stock valued at $23,034,000 after purchasing an additional 15,322 shares during the last quarter. Cyndeo Wealth Partners LLC raised its position in shares of BlackRock Multi-Sector Income Trust by 1.8% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 837,581 shares of the investment management company’s stock valued at $10,939,000 after buying an additional 15,201 shares in the last quarter. Royal Bank of Canada lifted its holdings 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 acquiring an additional 295,974 shares during the last quarter. Invesco Ltd. grew its position in BlackRock Multi-Sector Income Trust by 53.8% in the fourth quarter. Invesco Ltd. now owns 673,510 shares of the investment management company’s stock worth $8,796,000 after acquiring an additional 235,625 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in BlackRock Multi-Sector Income Trust by 17.6% in the third quarter. Ameriprise Financial Inc. now owns 512,573 shares of the investment management company’s stock valued at $6,829,000 after acquiring an additional 76,610 shares during the last quarter.

About BlackRock Multi-Sector Income Trust

(Get Free Report)

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.

Recommended Stories

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

Receive News & Ratings for BlackRock Multi-Sector Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Multi-Sector Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.