BlackRock Resources and Commodities Plans Monthly Dividend of $0.05 (BCX)
BlackRock Resources and Commodities (NYSE:BCX) declared a monthly dividend on Thursday, November 2nd, Wall Street Journal reports. Shareholders of record on Wednesday, November 15th will be given a dividend of 0.0516 per share by the investment management company on Thursday, November 30th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 6.94%. The ex-dividend date of this dividend is Tuesday, November 14th.
BlackRock Resources and Commodities has decreased its dividend by an average of 19.4% per year over the last three years.
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BlackRock Resources and Commodities Company Profile
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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