BlackRock Core Bond Trust (NYSE:BHK) Declares Dividend Increase – $0.08 Per Share

BlackRock Core Bond Trust (NYSE:BHKGet Free Report) announced a monthly dividend on Thursday, February 1st, Zacks reports. Stockholders of record on Thursday, February 15th will be given a dividend of 0.075 per share by the investment management company on Thursday, February 29th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 8.32%. The ex-dividend date of this dividend is Wednesday, February 14th. This is a boost from BlackRock Core Bond Trust’s previous monthly dividend of $0.07.

BlackRock Core Bond Trust has raised its dividend by an average of 2.8% annually over the last three years.

BlackRock Core Bond Trust Stock Performance

BlackRock Core Bond Trust stock opened at $10.82 on Monday. The company’s 50-day moving average price is $10.79 and its 200-day moving average price is $10.28. BlackRock Core Bond Trust has a twelve month low of $9.02 and a twelve month high of $11.44.

Institutional Trading of BlackRock Core Bond Trust

A number of large investors have recently made changes to their positions in BHK. Invesco Ltd. boosted its stake in shares of BlackRock Core Bond Trust by 8.7% during the 1st quarter. Invesco Ltd. now owns 536,211 shares of the investment management company’s stock worth $6,970,000 after purchasing an additional 42,922 shares during the period. LPL Financial LLC boosted its stake in shares of BlackRock Core Bond Trust by 59.9% during the 2nd quarter. LPL Financial LLC now owns 519,956 shares of the investment management company’s stock worth $5,886,000 after purchasing an additional 194,759 shares during the period. Wells Fargo & Company MN boosted its stake in shares of BlackRock Core Bond Trust by 7.4% during the 2nd quarter. Wells Fargo & Company MN now owns 429,102 shares of the investment management company’s stock worth $4,857,000 after purchasing an additional 29,692 shares during the period. Raymond James & Associates boosted its stake in shares of BlackRock Core Bond Trust by 11.1% during the 1st quarter. Raymond James & Associates now owns 230,548 shares of the investment management company’s stock worth $2,997,000 after purchasing an additional 23,059 shares during the period. Finally, Guggenheim Capital LLC boosted its stake in shares of BlackRock Core Bond Trust by 14.8% during the 1st quarter. Guggenheim Capital LLC now owns 224,514 shares of the investment management company’s stock worth $2,918,000 after purchasing an additional 28,958 shares during the period.

BlackRock Core Bond Trust Company Profile

(Get Free Report)

BlackRock Core Bond Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade quality bonds, including corporate bonds, government and agency securities, and mortgage-related securities.

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Dividend History for BlackRock Core Bond Trust (NYSE:BHK)

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