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

BlackRock Multi-Sector Income Trust (NYSE:BIT) declared a monthly dividend on Friday, February 27th. Investors of record on Monday, June 15th will be paid a dividend of 0.1237 per share by the investment management company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 11.8%. The ex-dividend date is Monday, June 15th.

BlackRock Multi-Sector Income Trust Stock Down 0.2%

BIT stock opened at $12.57 on Friday. BlackRock Multi-Sector Income Trust has a 12-month low of $12.20 and a 12-month high of $15.12. The stock’s 50 day simple moving average is $12.62 and its 200 day simple moving average is $12.91.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BIT. World Investment Advisors boosted its position in shares of BlackRock Multi-Sector Income Trust by 9.4% during the fourth quarter. World Investment Advisors now owns 12,660 shares of the investment management company’s stock valued at $152,000 after buying an additional 1,084 shares during the last quarter. NewEdge Advisors LLC raised its position in BlackRock Multi-Sector Income Trust by 1.6% in the 3rd quarter. NewEdge Advisors LLC now owns 85,795 shares of the investment management company’s stock worth $1,149,000 after buying an additional 1,366 shares during the last quarter. Janney Montgomery Scott LLC raised its position in BlackRock Multi-Sector Income Trust by 1.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 119,506 shares of the investment management company’s stock worth $1,561,000 after buying an additional 1,566 shares during the last quarter. Comerica Bank lifted its stake in BlackRock Multi-Sector Income Trust by 24.0% during the 4th quarter. Comerica Bank now owns 8,619 shares of the investment management company’s stock valued at $113,000 after acquiring an additional 1,669 shares during the period. Finally, &PARTNERS lifted its stake in BlackRock Multi-Sector Income Trust by 16.0% during the 4th quarter. &PARTNERS now owns 14,594 shares of the investment management company’s stock valued at $191,000 after acquiring an additional 2,009 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.