BlackRock Multi-Sector Income Trust (BIT) to Issue Monthly Dividend of $0.12 on April 29th

BlackRock Multi-Sector Income Trust (NYSE:BITGet Rating) announced a monthly dividend on Friday, April 1st, Zacks reports. Stockholders of record on Thursday, April 14th will be given a dividend of 0.124 per share by the investment management company on Friday, April 29th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 9.03%. The ex-dividend date is Wednesday, April 13th.

BIT opened at $16.48 on Monday. The business’s 50-day simple moving average is $16.15 and its 200-day simple moving average is $17.55. BlackRock Multi-Sector Income Trust has a one year low of $15.13 and a one year high of $19.21.

A number of hedge funds have recently modified their holdings of the stock. Thrivent Financial for Lutherans increased its position in BlackRock Multi-Sector Income Trust by 12.0% in the 4th quarter. Thrivent Financial for Lutherans now owns 194,415 shares of the investment management company’s stock valued at $3,527,000 after acquiring an additional 20,906 shares during the period. LPL Financial LLC increased its position in BlackRock Multi-Sector Income Trust by 7.0% during the 4th quarter. LPL Financial LLC now owns 126,352 shares of the investment management company’s stock worth $2,292,000 after purchasing an additional 8,316 shares during the period. NewEdge Advisors LLC acquired a new position in BlackRock Multi-Sector Income Trust during the 4th quarter worth approximately $827,000. Stifel Financial Corp increased its position in BlackRock Multi-Sector Income Trust by 9.7% during the 4th quarter. Stifel Financial Corp now owns 27,189 shares of the investment management company’s stock worth $493,000 after purchasing an additional 2,404 shares during the period. Finally, JPMorgan Chase & Co. purchased a new stake in shares of BlackRock Multi-Sector Income Trust during the 4th quarter worth approximately $163,000.

BlackRock Multi-Sector Income Trust Company Profile (Get Rating)

BlackRock Multi-Sector Income Trust is a closed-end management investment company. It invests in asset-backed and mortgage-backed securities, collateralized debt obligations, multiple class pass-through securities, zero-coupon bonds, capital trusts and trust preferred securities, preferred stock, floating rate loan interests, forward commitments and when-issued delayed delivery securities, mortgage dollar roll transactions, and reverse repurchase agreements.

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

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