BlackRock Ltd. Duration Income Trust (NYSE:BLW) announced a monthly dividend on Tuesday, September 5th, Wall Street Journal reports. Shareholders 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 of this dividend is Thursday, September 14th. This is a positive change from BlackRock Ltd. Duration Income Trust’s previous monthly dividend of $0.08.
BlackRock Ltd. Duration Income Trust has decreased its dividend payment by an average of 6.7% per year over the last three years.
BlackRock Ltd. Duration Income Trust (NYSE:BLW) traded up 0.0206% during trading on Wednesday, reaching $15.9933. 22,223 shares of the company were exchanged. The firm’s 50-day moving average is $15.94 and its 200 day moving average is $15.73. BlackRock Ltd. Duration Income Trust has a one year low of $14.74 and a one year high of $16.14.
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In related news, major shareholder Citigroup Inc sold 200 shares of BlackRock Ltd. Duration Income Trust stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $25,000.00, for a total transaction of $5,000,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders sold 1,248 shares of company stock valued at $56,300,000.
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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