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

BlackRock Multi-Sector Income Trust (NYSE:BIT) announced a monthly dividend on Friday, January 2nd. Shareholders 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) annualized dividend and a yield of 11.6%. The ex-dividend date of this dividend is Friday, March 13th.

BlackRock Multi-Sector Income Trust Price Performance

Shares of NYSE BIT traded down $0.02 during trading on Wednesday, hitting $12.83. 85,808 shares of the company traded hands, compared to its average volume of 274,552. The business’s fifty day moving average is $13.18 and its 200 day moving average is $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.