BlackRock Ltd. Duration Income Trust (BLW) Declares $0.08 Monthly Dividend

BlackRock Ltd. Duration Income Trust (NYSE:BLW) announced a monthly dividend on Monday, March 4th, Wall Street Journal reports. Shareholders of record on Friday, March 15th will be paid a dividend of 0.0795 per share by the investment management company on Friday, March 29th. This represents a $0.95 dividend on an annualized basis and a dividend yield of 6.48%. The ex-dividend date of this dividend is Thursday, March 14th.

BlackRock Ltd. Duration Income Trust has decreased its dividend payment by an average of 3.7% annually over the last three years.

Shares of NYSE BLW traded down $0.03 during mid-day trading on Wednesday, hitting $14.73. 2,039 shares of the stock traded hands, compared to its average volume of 94,430. BlackRock Ltd. Duration Income Trust has a twelve month low of $13.00 and a twelve month high of $15.35.



In related news, major shareholder Citigroup Inc sold 2,319 shares of the firm’s stock in a transaction on Thursday, January 24th. The stock was sold at an average price of $100,000.00, for a total transaction of $231,900,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO James C. Cowles sold 50,000 shares of the firm’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $64.26, for a total value of $3,213,000.00. Following the sale, the chief executive officer now directly owns 112,209 shares in the company, valued at approximately $7,210,550.34. The disclosure for this sale can be found here. In the last three months, insiders have sold 77,131 shares of company stock worth $592,878,814.

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BlackRock Ltd. Duration Income Trust Company Profile

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.

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Dividend History for BlackRock Ltd. Duration Income Trust (NYSE:BLW)

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