BlackRock Resources and Commodities (BCX) to Issue Monthly Dividend of $0.05 on September 29th
BlackRock Resources and Commodities (NYSE:BCX) 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 0.0516 per share by the investment management company on Friday, September 29th. This represents a $0.62 dividend on an annualized basis and a yield of 7.03%. The ex-dividend date is Thursday, September 14th.
BlackRock Resources and Commodities has decreased its dividend by an average of 19.4% per year over the last three years.
BlackRock Resources and Commodities (NYSE BCX) traded down 0.68% during mid-day trading on Wednesday, reaching $8.75. 74,921 shares of the company were exchanged. The stock has a 50 day moving average of $8.52 and a 200-day moving average of $8.41. BlackRock Resources and Commodities has a one year low of $7.63 and a one year high of $8.99.
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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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