BlackRock Limited Duration Income Trust (NYSE:BLW) to Issue $0.10 Monthly Dividend

BlackRock Limited Duration Income Trust (NYSE:BLWGet Rating) declared a monthly dividend on Monday, May 2nd, Zacks reports. Shareholders of record on Monday, May 16th will be given a dividend of 0.098 per share by the investment management company on Tuesday, May 31st. This represents a $1.18 annualized dividend and a yield of 8.47%. The ex-dividend date of this dividend is Friday, May 13th.

BlackRock Limited Duration Income Trust has raised its dividend by an average of 7.3% annually over the last three years.

BlackRock Limited Duration Income Trust stock opened at $13.89 on Wednesday. BlackRock Limited Duration Income Trust has a twelve month low of $13.60 and a twelve month high of $17.64. The company’s 50-day moving average price is $14.16 and its two-hundred day moving average price is $15.53.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN increased its holdings in shares of BlackRock Limited Duration Income Trust by 25.0% during the fourth quarter. Wells Fargo & Company MN now owns 429,890 shares of the investment management company’s stock worth $7,243,000 after purchasing an additional 85,850 shares during the period. LPL Financial LLC boosted its position in shares of BlackRock Limited Duration Income Trust by 5.2% during the 4th quarter. LPL Financial LLC now owns 86,087 shares of the investment management company’s stock worth $1,451,000 after acquiring an additional 4,236 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of BlackRock Limited Duration Income Trust by 148.6% during the 4th quarter. JPMorgan Chase & Co. now owns 30,549 shares of the investment management company’s stock worth $515,000 after acquiring an additional 18,261 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of BlackRock Limited Duration Income Trust by 1.6% during the 2nd quarter. Morgan Stanley now owns 3,103,980 shares of the investment management company’s stock worth $52,830,000 after acquiring an additional 47,659 shares in the last quarter.

About BlackRock Limited Duration Income Trust (Get Rating)

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 Limited Duration Income Trust (NYSE:BLW)

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