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

BlackRock Multi-Sector Income Trust (NYSE:BITGet Free Report) declared a monthly dividend on Monday, April 1st, Zacks reports. Stockholders of record on Monday, April 15th will be paid a dividend of 0.124 per share by the investment management company on Tuesday, April 30th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 9.53%. The ex-dividend date of this dividend is Friday, April 12th.

BlackRock Multi-Sector Income Trust Trading Down 0.4 %

BIT traded down $0.06 on Wednesday, hitting $15.61. 35,286 shares of the stock traded hands, compared to its average volume of 89,658. The business has a fifty day moving average price of $15.52 and a two-hundred day moving average price of $15.01. BlackRock Multi-Sector Income Trust has a 52 week low of $13.65 and a 52 week high of $15.98.

Institutional Investors Weigh In On BlackRock Multi-Sector Income Trust

Institutional investors and hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its holdings in shares of BlackRock Multi-Sector Income Trust by 1,040.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,700 shares of the investment management company’s stock worth $81,000 after acquiring an additional 5,200 shares during the period. Comerica Bank bought a new position in BlackRock Multi-Sector Income Trust during the third quarter worth about $115,000. Nations Financial Group Inc. IA ADV acquired a new stake in BlackRock Multi-Sector Income Trust during the first quarter valued at approximately $167,000. Advisory Services Network LLC bought a new stake in shares of BlackRock Multi-Sector Income Trust in the 1st quarter valued at approximately $173,000. Finally, Mariner LLC grew its stake in shares of BlackRock Multi-Sector Income Trust by 13.3% in the 3rd quarter. Mariner LLC now owns 12,750 shares of the investment management company’s stock valued at $184,000 after purchasing an additional 1,500 shares during the period.

About BlackRock Multi-Sector Income Trust

(Get Free Report)

BlackRock Multi-Sector Income Trust is a close ended fixed income mutual fund launched by BlackRock, Inc It is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. The fund invests in fixed income markets. It invests primarily in loan and debt instruments and other investments with similar economic characteristic.

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

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