BlackRock Ltd. Duration Income Trust Plans Monthly Dividend of $0.08 (BLW)
BlackRock Ltd. Duration Income Trust (NYSE:BLW) declared a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Investors of record on Monday, October 16th will be given a dividend of 0.0795 per share by the investment management company on Tuesday, October 31st. This represents a $0.95 dividend on an annualized basis and a yield of 5.90%. The ex-dividend date of this dividend is Friday, October 13th.
BlackRock Ltd. Duration Income Trust has decreased its dividend by an average of 6.7% per year over the last three years.
BlackRock Ltd. Duration Income Trust (NYSE:BLW) traded up 0.06% during trading on Tuesday, reaching $16.16. 58,861 shares of the company’s stock traded hands. BlackRock Ltd. Duration Income Trust has a 12 month low of $14.74 and a 12 month high of $16.17. The firm’s 50 day moving average is $15.98 and its 200 day moving average is $15.77.
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In related news, major shareholder Citigroup Inc sold 200 shares of the stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 1,248 shares of company stock worth $56,300,000 over the last quarter.
About BlackRock Ltd. Duration Income Trust
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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