BlackRock Limited Duration Income Trust (NYSE:BLW) declared a monthly dividend on Monday, December 4th, Wall Street Journal reports. Investors of record on Tuesday, December 12th will be paid a dividend of 0.0795 per share by the investment management company on Tuesday, December 19th. This represents a $0.95 dividend on an annualized basis and a dividend yield of 5.98%. The ex-dividend date of this dividend is Monday, December 11th.
BlackRock Limited Duration Income Trust has decreased its dividend payment by an average of 6.7% annually over the last three years.
Shares of BlackRock Limited Duration Income Trust (NYSE BLW) traded up $0.04 during trading hours on Monday, hitting $15.95. 83,700 shares of the company were exchanged, compared to its average volume of 96,578. 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 62 shares of the stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $100,000.00, for a total value of $6,200,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
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About BlackRock Limited Duration Income Trust
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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