BlackRock Multi-Sector Income Trust (BIT) to Issue Monthly Dividend of $0.12 on January 30th

BlackRock Multi-Sector Income Trust (NYSE:BIT) announced a monthly dividend on Friday, January 2nd. Investors of record on Tuesday, January 20th will be given a dividend of 0.1237 per share by the investment management company on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 11.2%. The ex-dividend date is Tuesday, January 20th.

BlackRock Multi-Sector Income Trust Stock Down 0.4%

NYSE BIT opened at $13.30 on Friday. The firm’s fifty day simple moving average is $13.17 and its two-hundred day simple moving average is $13.64. BlackRock Multi-Sector Income Trust has a 12-month low of $12.50 and a 12-month high of $15.12.

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.