BlackRock Ltd. Duration Income Trust (BLW) Declares Dividend Increase – $0.08 Per Share
BlackRock Ltd. Duration Income Trust (NYSE:BLW) announced a monthly dividend on Tuesday, September 5th, Wall Street Journal reports. Investors of record on Friday, September 15th will be given a dividend of 0.0795 per share by the investment management company on Friday, September 29th. This represents a $0.95 dividend on an annualized basis and a yield of 5.97%. The ex-dividend date is Thursday, September 14th. This is an increase from BlackRock Ltd. Duration Income Trust’s previous monthly dividend of $0.08.
BlackRock Ltd. Duration Income Trust has decreased its dividend by an average of 6.7% per year over the last three years.
BlackRock Ltd. Duration Income Trust (NYSE:BLW) traded up 0.06% during midday trading on Wednesday, reaching $15.99. The company had a trading volume of 10,702 shares. BlackRock Ltd. Duration Income Trust has a 52-week low of $14.74 and a 52-week high of $16.14. The company’s 50 day moving average is $15.91 and its 200-day moving average is $15.73.
In related news, major shareholder Citigroup Inc sold 200 shares of the firm’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $25,000.00, for a total value of $5,000,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 1,248 shares of company stock valued at $56,300,000 in the last ninety days.
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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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