BlackRock Ltd. Duration Income Trust (NYSE:BLW) announced a monthly dividend on Tuesday, October 1st, Zacks reports. Investors of record on Tuesday, October 15th will be given a dividend of 0.098 per share by the investment management company on Thursday, October 31st. This represents a $1.18 dividend on an annualized basis and a yield of 7.58%. The ex-dividend date of this dividend is Friday, October 11th. This is a boost 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 3.7% annually over the last three years.
NYSE:BLW opened at $15.52 on Thursday. BlackRock Ltd. Duration Income Trust has a 52 week low of $13.00 and a 52 week high of $15.77. The firm has a 50 day moving average of $15.52 and a 200 day moving average of $15.10.
BlackRock Limited Duration Income Trust is a close ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income securities of the United States. It invests in securities of companies operating across diversified sectors. The fund primarily invests in investment grade corporate bonds, mortgage-related securities, asset-backed securities, US Government and agency securities, and senior, secured floating rate loans.
See Also: Growth and Income Funds
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