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

BlackRock Multi-Sector Income Trust (NYSE:BIT) declared a monthly dividend on Friday, January 2nd. Stockholders of record on Friday, March 13th will be given a dividend of 0.1237 per share by the investment management company on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date is Friday, March 13th.

BlackRock Multi-Sector Income Trust Trading Down 0.1%

Shares of BlackRock Multi-Sector Income Trust stock traded down $0.02 during trading hours on Wednesday, reaching $12.83. 93,168 shares of the company’s stock were exchanged, compared to its average volume of 274,900. The company has a 50 day moving average of $13.18 and a two-hundred day moving average of $13.27. BlackRock Multi-Sector Income Trust has a fifty-two week low of $12.50 and a fifty-two 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.