On June 1, 2023, BlackRock Multi-Sector Income Trust revealed that it has officially announced a monthly dividend of $0.12 per share ($1.48 annualized). The company had previously paid $0.12 per share in dividends.
To qualify for the dividend, shares must be acquired before the ex-dividend date of June 14, 2023. Shareholders of record as of June 15, 2023, will receive the payment on June 30, 2023.
The stock’s dividend yield is 10.22% based on its current share price of $14.53 per share. The average dividend yield over the previous five years is 9.16%, while the lowest has been 7.75%, and the highest has been 15.67%. The standard deviation of yields is 0.98, and the current dividend yield is 1.07 standard deviations above the average.
BlackRock Multi-Sector Income Trust has not increased its dividend in the last three years.
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What is Fund Sentiment?
BlackRock Multi-Sector Income Trust is currently covered by 83 funds or institutions. This represents a 10.75% reduction in the number of owners/institutions compared to the last quarter. The average portfolio allocation of all funds devoted to BIT is 0.09%, an increase of 47.88%. Institutions’ total holdings of shares grew by 1.64% over the past three months to 6,195K shares.
What are Other Shareholders Doing?
Ameriprise Financial held 446K shares. The firm increased its holdings by 28.51% to its last reported ownership of 319K shares, representing a 73.34% reduction in BIT allocation during the last quarter.
UBS Group held 432K shares. The firm decreased its holdings by 2.69% to its last reported ownership of 444K shares, representing a 22.30% reduction in BIT allocation during the last quarter.
Invesco held 428K shares. The firm decreased its holdings by 3.81% to its last reported ownership of 445K shares, representing a 91.28% reduction in BIT allocation during the last quarter.
PCEF – Invesco CEF Income Composite ETF held 323K shares. The firm increased its holdings by 7.32% to its last reported ownership of 300K shares, representing an 7.94% increase in BIT allocation during the last quarter.
Cyndeo Wealth Partners held 249K shares. The firm increased its holdings by 49.08% to its last reported ownership of 127K shares, representing an 85.07% increase in BIT allocation during the last quarter.
Background Information on BlackRock Multi-Sector Income Trust
(This description is provided by the company.)
The BlackRock Multi-Sector Income Trust, BIT, is a taxable closed-end Trust established in February 2013. The Trust seeks to generate high current income, with a secondary objective of capital appreciation. It invests its assets across multiple sectors of the fixed income securities market by evaluating portfolio risk in light of prevailing risks in the fixed income market, with the goal of providing attractive risk-adjusted returns.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
