BlackRock Health Sciences Trust (NYSE:BME) declared a monthly dividend on Tuesday, April 6th, Wall Street Journal reports. Investors of record on Thursday, April 15th will be given a dividend of 0.20 per share on Friday, April 30th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date of this dividend is Wednesday, April 14th.
BlackRock Health Sciences Trust has a dividend payout ratio of 137.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
NYSE:BME opened at $46.54 on Thursday. BlackRock Health Sciences Trust has a 52 week low of $36.01 and a 52 week high of $50.94. The firm has a 50-day moving average price of $46.10 and a two-hundred day moving average price of $46.16.
BlackRock Health Sciences Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating in the health sciences and related sectors, which include businesses involved in researching, developing, producing, distributing or delivering medical, dental, optical, pharmaceutical or biotechnology products, supplies, equipment, or services.
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