News articles about BlackRock Ltd. Duration Income Trust (NYSE:BLW) have trended positive this week, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. BlackRock Ltd. Duration Income Trust earned a news sentiment score of 0.31 on Accern’s scale. Accern also assigned press coverage about the investment management company an impact score of 47.8078957812636 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
BlackRock Ltd. Duration Income Trust (NYSE BLW) opened at $15.93 on Wednesday. BlackRock Ltd. Duration Income Trust has a 1-year low of $15.05 and a 1-year high of $16.30.
The business also recently declared a monthly dividend, which will be paid on Tuesday, January 9th. Stockholders of record on Friday, December 29th will be issued a $0.0795 dividend. This represents a $0.95 annualized dividend and a dividend yield of 5.99%. The ex-dividend date is Thursday, December 28th. This is a boost from BlackRock Ltd. Duration Income Trust’s previous monthly dividend of $0.08.
In other news, major shareholder Citigroup Inc sold 36 shares of the company’s stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $100,000.00, for a total value of $3,600,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
About BlackRock Ltd. 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.