BlackRock Ltd. Duration Income Trust Plans Monthly Dividend of $0.08 (BLW)
BlackRock Ltd. Duration Income Trust (NYSE:BLW) declared a monthly dividend on Friday, September 1st, NASDAQ reports. Investors of record on Friday, September 15th will be given a dividend of 0.079 per share by the investment management company on Monday, October 2nd. This represents a $0.95 annualized dividend and a dividend yield of 5.94%. The ex-dividend date is Thursday, September 14th.
BlackRock Ltd. Duration Income Trust has decreased its dividend by an average of 6.7% annually over the last three years.
BlackRock Ltd. Duration Income Trust (BLW) traded down 0.44% during trading on Friday, hitting $15.95. 40,192 shares of the company traded hands. The company’s 50-day moving average is $15.92 and its 200 day moving average is $15.73. BlackRock Ltd. Duration Income Trust has a 52-week low of $14.74 and a 52-week high of $16.14.
In related news, major shareholder Citigroup Inc sold 200 shares of BlackRock Ltd. Duration Income Trust stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $25,000.00, for a total value of $5,000,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last quarter, insiders sold 1,248 shares of company stock worth $56,300,000.
BlackRock Ltd. Duration Income Trust Company Profile
BlackRock Limited Duration Income Trust is a diversified, closed-end management investment company. The Fund’s investment objective is to provide current income and capital appreciation. It seeks to achieve its investment objective by investing in three asset classes, such as intermediate duration, investment grade corporate bonds, mortgage-related securities, asset-backed securities and the United States Government and agency securities; senior, secured floating rate loans made to corporate and other business entities, and the United States dollar-denominated securities of the United States and non-United States issuers rated below investment grade or unrated and deemed by the investment advisor to be of comparable quality and, to a limited extent, non-United States dollar denominated securities of non-United States issuers rated below investment grade or unrated and deemed by the investment advisor to be of comparable quality.
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