Media headlines about BlackRock Ltd. Duration Income Trust (NYSE:BLW) have been trending positive on Saturday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. BlackRock Ltd. Duration Income Trust earned a media sentiment score of 0.28 on Accern’s scale. Accern also assigned news articles about the investment management company an impact score of 47.708687000626 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of BlackRock Ltd. Duration Income Trust (NYSE BLW) traded up 0.19% during trading on Friday, reaching $16.03. The company’s stock had a trading volume of 41,251 shares. The firm’s 50-day moving average is $16.09 and its 200 day moving average is $15.85. BlackRock Ltd. Duration Income Trust has a 52-week low of $14.74 and a 52-week high of $16.30.
The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Monday, October 16th will be issued a $0.0795 dividend. This represents a $0.95 dividend on an annualized basis and a dividend yield of 5.95%. The ex-dividend date of this dividend is Friday, October 13th.
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In other BlackRock Ltd. Duration Income Trust news, major shareholder Citigroup Inc sold 44 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $25,000.00, for a total value of $1,100,000.00. The sale was disclosed in a filing with the SEC, which is available at this link. In the last ninety days, insiders sold 142 shares of company stock worth $10,900,000.
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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