BlackRock Ltd. Duration Income Trust (BLW) to Issue Monthly Dividend of $0.08 on November 30th
BlackRock Ltd. Duration Income Trust (NYSE:BLW) announced a monthly dividend on Thursday, November 2nd, Wall Street Journal reports. Stockholders of record on Wednesday, November 15th will be paid a dividend of 0.0795 per share by the investment management company on Thursday, November 30th. This represents a $0.95 annualized dividend and a dividend yield of 5.98%. The ex-dividend date is Tuesday, November 14th.
BlackRock Ltd. Duration Income Trust has decreased its dividend payment by an average of 6.7% per year over the last three years.
Shares of BlackRock Ltd. Duration Income Trust (NYSE:BLW) opened at $15.95 on Monday. BlackRock Ltd. Duration Income Trust has a 12-month low of $14.74 and a 12-month high of $16.30.
In other news, major shareholder Citigroup Inc sold 62 shares of the firm’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $100,000.00, for a total transaction of $6,200,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
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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