BlackRock Core Bond Trust to Issue Monthly Dividend of $0.07 (NYSE:BHK)

BlackRock Core Bond Trust (NYSE:BHK) announced a monthly dividend on Friday, February 27th. Stockholders of record on Monday, June 15th will be given a dividend of 0.0746 per share by the investment management company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 9.9%. The ex-dividend date is Monday, June 15th.

BlackRock Core Bond Trust Price Performance

Shares of NYSE:BHK opened at $9.02 on Friday. The company’s 50-day moving average is $9.08 and its 200 day moving average is $9.35. BlackRock Core Bond Trust has a fifty-two week low of $8.69 and a fifty-two week high of $10.12.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Balyasny Asset Management L.P. purchased a new stake in shares of BlackRock Core Bond Trust during the 2nd quarter worth approximately $7,163,000. Rivernorth Capital Management LLC purchased a new position in shares of BlackRock Core Bond Trust during the 4th quarter valued at $4,777,000. 1607 Capital Partners LLC purchased a new position in shares of BlackRock Core Bond Trust during the 4th quarter valued at $4,355,000. Invesco Ltd. grew its stake in shares of BlackRock Core Bond Trust by 88.0% during the 3rd quarter. Invesco Ltd. now owns 888,549 shares of the investment management company’s stock worth $8,832,000 after acquiring an additional 415,911 shares during the period. Finally, Landscape Capital Management L.L.C. grew its stake in shares of BlackRock Core Bond Trust by 1,020.5% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 248,245 shares of the investment management company’s stock worth $2,468,000 after acquiring an additional 226,091 shares during the period.

About BlackRock Core Bond Trust

BlackRock Core Bond Trust (NYSE: BHK) is a closed-end management investment company that seeks to provide shareholders with a high level of current income, consistent with the preservation of capital. The trust primarily invests in a diversified portfolio of investment-grade fixed-income securities, including U.S. government and agency obligations, corporate bonds, mortgage- and asset-backed securities, and other debt instruments. The fund may employ leverage to enhance its income-generating potential.

Since its inception in 2008, BHK has been managed by a dedicated team of fixed-income professionals at BlackRock Advisors, drawing on the firm’s global research capabilities and risk-management platform.