BlackRock Limited Duration Income Trust (BLW) to Distribute Monthly Dividend of $0.11 on October 30th

BlackRock Limited Duration Income Trust (NYSE:BLWGet Free Report) announced a monthly dividend on Thursday, September 10th. Shareholders of record on Thursday, October 15th will be given a dividend of 0.1132 per share by the investment management company on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 11.0%. The ex-dividend date of this dividend is Thursday, October 15th.

BlackRock Limited Duration Income Trust Price Performance

Shares of BLW opened at $12.35 on Friday. The firm has a fifty day moving average price of $12.64 and a 200-day moving average price of $12.68. BlackRock Limited Duration Income Trust has a 12-month low of $12.06 and a 12-month high of $14.25.

Institutional Investors Weigh In On BlackRock Limited Duration Income Trust

Large investors have recently added to or reduced their stakes in the stock. Lido Advisors LLC bought a new position in shares of BlackRock Limited Duration Income Trust during the 4th quarter worth $956,000. Morgan Stanley raised its holdings in shares of BlackRock Limited Duration Income Trust by 1.2% in the fourth quarter. Morgan Stanley now owns 4,593,229 shares of the investment management company’s stock valued at $63,111,000 after acquiring an additional 55,856 shares in the last quarter. UBS Group AG raised its holdings in shares of BlackRock Limited Duration Income Trust by 8.9% in the third quarter. UBS Group AG now owns 649,166 shares of the investment management company’s stock valued at $9,088,000 after acquiring an additional 52,821 shares in the last quarter. Readystate Asset Management LP purchased a new stake in BlackRock Limited Duration Income Trust in the second quarter worth about $642,000. Finally, Fiera Capital Corp lifted its stake in BlackRock Limited Duration Income Trust by 29.0% in the fourth quarter. Fiera Capital Corp now owns 153,453 shares of the investment management company’s stock worth $2,108,000 after acquiring an additional 34,480 shares during the period.

BlackRock Limited Duration Income Trust Company Profile

(Get Free Report)

BlackRock Limited Duration Income Trust (NYSE: BLW) is a closed-end management investment company that seeks to provide shareholders with high current income while maintaining a low portfolio duration. The trust primarily invests in a diversified portfolio of investment-grade corporate bonds, mortgage-backed securities and other fixed-income instruments. By focusing on limited-duration securities, BLW aims to reduce interest rate sensitivity relative to broad bond market benchmarks.

Launched in 2011, BLW is managed by a team of fixed-income specialists at BlackRock Advisors LLC, drawing on the firm’s global credit research capabilities and risk-management infrastructure.

See Also

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

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