BlackRock Limited Duration Income Trust (NYSE:BLW) declared a monthly dividend on Friday, December 1st, Zacks reports. Shareholders of record on Tuesday, December 12th will be given a dividend of 0.079 per share by the investment management company on Friday, December 29th. This represents a $0.95 annualized dividend and a yield of 5.93%. The ex-dividend date of this dividend is Monday, December 11th.
BlackRock Limited Duration Income Trust has decreased its dividend by an average of 6.7% per year over the last three years.
BlackRock Limited Duration Income Trust (NYSE:BLW) traded up $0.07 during mid-day trading on Wednesday, reaching $15.98. The company’s stock had a trading volume of 76,800 shares, compared to its average volume of 96,403. BlackRock Limited Duration Income Trust has a 1 year low of $15.05 and a 1 year high of $16.30.
In related news, major shareholder Citigroup Inc sold 36 shares of the firm’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $100,000.00, for a total value of $3,600,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
BlackRock Limited 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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