BlackRock Limited Duration Income Trust (NYSE:BLW) to Issue $0.11 Monthly Dividend

BlackRock Limited Duration Income Trust (NYSE:BLW) announced a monthly dividend on Friday, June 5th. Stockholders of record on Friday, August 14th will be paid a dividend of 0.1132 per share by the investment management company on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 10.8%. The ex-dividend date is Friday, August 14th.

BlackRock Limited Duration Income Trust Stock Performance

BLW stock opened at $12.61 on Wednesday. The firm has a 50 day moving average of $12.49 and a 200-day moving average of $12.85. BlackRock Limited Duration Income Trust has a 12 month low of $12.06 and a 12 month high of $14.30.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BLW. Cetera Investment Advisers raised its stake in shares of BlackRock Limited Duration Income Trust by 1.6% during the first quarter. Cetera Investment Advisers now owns 52,515 shares of the investment management company’s stock worth $661,000 after acquiring an additional 822 shares in the last quarter. Allworth Financial LP boosted its stake in shares of BlackRock Limited Duration Income Trust by 62.6% in the 4th quarter. Allworth Financial LP now owns 2,146 shares of the investment management company’s stock valued at $29,000 after purchasing an additional 826 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of BlackRock Limited Duration Income Trust by 2.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 41,695 shares of the investment management company’s stock valued at $525,000 after purchasing an additional 850 shares during the last quarter. Smith Asset Management Co. LLC grew its holdings in shares of BlackRock Limited Duration Income Trust by 1.9% during the 4th quarter. Smith Asset Management Co. LLC now owns 54,494 shares of the investment management company’s stock valued at $749,000 after purchasing an additional 1,003 shares during the last quarter. Finally, Verity Asset Management Inc. raised its position in BlackRock Limited Duration Income Trust by 2.3% in the 3rd quarter. Verity Asset Management Inc. now owns 55,681 shares of the investment management company’s stock worth $780,000 after purchasing an additional 1,243 shares during the period.

About BlackRock Limited Duration Income Trust

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.