BlackRock Health Sciences Trust (NYSE:BME) announced a monthly dividend on Friday, October 1st, Zacks reports. Shareholders of record on Friday, October 15th will be paid a dividend of 0.213 per share on Friday, October 29th. This represents a $2.56 annualized dividend and a yield of 5.56%. The ex-dividend date of this dividend is Thursday, October 14th. This is an increase from BlackRock Health Sciences Trust’s previous monthly dividend of $0.20.
BlackRock Health Sciences Trust has a payout ratio of 138.7% meaning 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 $45.97 on Wednesday. BlackRock Health Sciences Trust has a twelve month low of $41.00 and a twelve month high of $50.94. The stock has a fifty day simple moving average of $48.29 and a 200-day simple moving average of $48.12.
BlackRock Health Sciences Trust is a closed-end investment fund. Its investment objective is to provide total return through a combination of current income, current gains and long-term capital appreciation. The company was founded on March 31, 2005 and is headquartered in Wilmington, DE.
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