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

BlackRock Multi-Sector Income Trust (NYSE:BIT) declared a monthly dividend on Thursday, September 10th. Stockholders 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) dividend on an annualized basis and a dividend yield of 12.6%. The ex-dividend date is Thursday, October 15th.

BlackRock Multi-Sector Income Trust Stock Performance

Shares of NYSE:BIT opened at $11.79 on Friday. BlackRock Multi-Sector Income Trust has a 52-week low of $11.77 and a 52-week high of $13.97. The business has a 50-day moving average price of $12.18 and a 200-day moving average price of $12.46.

BlackRock Multi-Sector Income Trust Company Profile

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.