BlackRock Limited Duration Income Trust (NYSE:BLW) Plans Dividend Increase – $0.11 Per Share

BlackRock Limited Duration Income Trust (NYSE:BLWGet Free Report) announced a monthly dividend on Thursday, February 1st, Zacks reports. Shareholders of record on Thursday, February 15th will be paid a dividend of 0.108 per share by the investment management company on Thursday, February 29th. This represents a $1.30 annualized dividend and a yield of 9.28%. The ex-dividend date is Wednesday, February 14th. This is an increase from BlackRock Limited Duration Income Trust’s previous monthly dividend of $0.11.

BlackRock Limited Duration Income Trust has raised its dividend payment by an average of 0.8% per year over the last three years and has raised its dividend every year for the last 1 years.

BlackRock Limited Duration Income Trust Stock Up 0.7 %

Shares of BLW stock opened at $13.96 on Monday. BlackRock Limited Duration Income Trust has a 52 week low of $12.35 and a 52 week high of $14.10. The firm’s 50-day simple moving average is $13.71 and its two-hundred day simple moving average is $13.24.

Institutional Trading of BlackRock Limited Duration Income Trust

Several hedge funds have recently added to or reduced their stakes in BLW. Baird Financial Group Inc. raised its position in BlackRock Limited Duration Income Trust by 52.6% in the first quarter. Baird Financial Group Inc. now owns 68,128 shares of the investment management company’s stock worth $977,000 after acquiring an additional 23,474 shares during the period. NewEdge Advisors LLC increased its stake in shares of BlackRock Limited Duration Income Trust by 9.8% in the first quarter. NewEdge Advisors LLC now owns 58,517 shares of the investment management company’s stock worth $839,000 after purchasing an additional 5,205 shares in the last quarter. Mariner LLC purchased a new position in shares of BlackRock Limited Duration Income Trust in the first quarter worth about $237,000. UBS Group AG increased its stake in shares of BlackRock Limited Duration Income Trust by 11.2% in the first quarter. UBS Group AG now owns 1,171,875 shares of the investment management company’s stock worth $16,805,000 after purchasing an additional 117,650 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of BlackRock Limited Duration Income Trust by 19.9% in the first quarter. Invesco Ltd. now owns 473,750 shares of the investment management company’s stock worth $6,793,000 after purchasing an additional 78,743 shares in the last quarter.

About BlackRock Limited Duration Income Trust

(Get Free Report)

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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