BlackRock Ltd. Duration Income Trust (BLW) Declares Monthly Dividend of $0.08
BlackRock Ltd. Duration Income Trust (NYSE:BLW) announced a monthly dividend on Thursday, November 2nd, Wall Street Journal reports. Shareholders of record on Wednesday, November 15th will be paid a dividend of 0.0795 per share by the investment management company on Thursday, November 30th. This represents a $0.95 dividend on an annualized basis and a yield of 5.94%. The ex-dividend date of this dividend is Tuesday, November 14th.
BlackRock Ltd. Duration Income Trust has decreased its dividend by an average of 6.7% per year over the last three years.
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In related news, major shareholder Citigroup Inc sold 36 shares of the company’s stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $100,000.00, for a total value of $3,600,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
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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