BlackRock Ltd. Duration Income Trust (NYSE:BLW) declared a monthly dividend on Monday, February 5th, Wall Street Journal reports. Stockholders of record on Thursday, February 15th will be given a dividend of 0.0795 per share by the investment management company on Wednesday, February 28th. This represents a $0.95 annualized dividend and a dividend yield of 6.21%. The ex-dividend date of this dividend is Wednesday, February 14th.
BlackRock Ltd. Duration Income Trust has decreased its dividend by an average of 11.6% per year over the last three years.
BlackRock Ltd. Duration Income Trust (NYSE:BLW) traded down $0.31 during midday trading on Monday, hitting $15.37. The stock had a trading volume of 135,192 shares, compared to its average volume of 107,633. BlackRock Ltd. Duration Income Trust has a 12-month low of $15.20 and a 12-month high of $16.30.
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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