BlackRock Resources and Commodities (NYSE:BCX) announced a monthly dividend on Monday, February 5th, Wall Street Journal reports. Investors of record on Thursday, February 15th will be given a dividend of 0.0516 per share by the investment management company on Wednesday, February 28th. This represents a $0.62 annualized dividend and a yield of 6.62%. The ex-dividend date of this dividend is Wednesday, February 14th.
BlackRock Resources and Commodities has decreased its dividend payment by an average of 12.9% annually over the last three years.
BlackRock Resources and Commodities (NYSE BCX) traded down $0.37 on Monday, reaching $9.35. The company had a trading volume of 595,118 shares, compared to its average volume of 593,267. BlackRock Resources and Commodities has a twelve month low of $7.76 and a twelve month high of $10.50.
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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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