BlackRock Multi-Sector Income Trust (BIT) to Issue Monthly Dividend of $0.12 on February 27th

BlackRock Multi-Sector Income Trust (NYSE:BIT) announced a monthly dividend on Friday, January 2nd. Shareholders of record on Friday, February 13th will be given a dividend of 0.1237 per share by the investment management company on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 11.1%. The ex-dividend date of this dividend is Friday, February 13th.

BlackRock Multi-Sector Income Trust Stock Performance

Shares of NYSE BIT traded up $0.01 during midday trading on Wednesday, reaching $13.39. 61,288 shares of the stock were exchanged, compared to its average volume of 282,936. The stock has a 50 day moving average price of $13.21 and a 200-day moving average price of $13.47. BlackRock Multi-Sector Income Trust has a 52-week low of $12.50 and a 52-week 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.