BlackRock Resources and Commodities (BCX) Plans Monthly Dividend of $0.05
BlackRock Resources and Commodities (NYSE:BCX) declared a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Stockholders of record on Monday, October 16th will be given a dividend of 0.0516 per share by the investment management company on Tuesday, October 31st. This represents a $0.62 annualized dividend and a dividend yield of 6.90%. The ex-dividend date is Friday, October 13th.
BlackRock Resources and Commodities has decreased its dividend payment by an average of 19.4% annually over the last three years.
BlackRock Resources and Commodities (BCX) traded up 0.11% during mid-day trading on Tuesday, hitting $8.98. 201,590 shares of the company were exchanged. BlackRock Resources and Commodities has a 12-month low of $7.63 and a 12-month high of $9.00. The stock’s 50 day moving average is $8.65 and its 200-day moving average is $8.45.
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About BlackRock Resources and Commodities
BlackRock Resources & Commodities Strategy Trust is a non-diversified, closed-end management investment company. The Trust’s primary investment objective is to seek high current income and current gains, with a secondary objective of capital appreciation. It will seek to achieve its investment objectives, under normal market conditions, by investing at least 80% of its total assets in equity securities issued by commodity or natural resources companies, derivatives with exposure to commodity or natural resources companies or investments in securities and derivatives linked to the underlying price movement of commodities or natural resources.
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