BlackRock Core Bond Trust Plans Monthly Dividend of $0.07 (NYSE:BHK)
by Amy Steele · The Cerbat GemBlackRock Core Bond Trust (NYSE:BHK – Get Free Report) announced a monthly dividend on Friday, February 27th. Shareholders of record on Wednesday, April 15th will be given a dividend of 0.0746 per share by the investment management company on Thursday, April 30th. This represents a c) annualized dividend and a yield of 9.7%. The ex-dividend date of this dividend is Wednesday, April 15th.
BlackRock Core Bond Trust Trading Up 0.1%
Shares of BHK opened at $9.25 on Monday. BlackRock Core Bond Trust has a fifty-two week low of $8.94 and a fifty-two week high of $10.58. The stock has a fifty day moving average of $9.37 and a two-hundred day moving average of $9.57.
Hedge Funds Weigh In On BlackRock Core Bond Trust
Several large investors have recently added to or reduced their stakes in the business. Turim 21 Investimentos Ltda. purchased a new stake in BlackRock Core Bond Trust in the 3rd quarter valued at about $31,000. Kestra Advisory Services LLC purchased a new position in shares of BlackRock Core Bond Trust during the 4th quarter worth about $34,000. Farther Finance Advisors LLC acquired a new stake in shares of BlackRock Core Bond Trust in the third quarter worth approximately $35,000. CIBC Private Wealth Group LLC acquired a new stake in shares of BlackRock Core Bond Trust in the fourth quarter worth approximately $37,000. Finally, Fifth Third Bancorp purchased a new stake in BlackRock Core Bond Trust in the third quarter valued at approximately $39,000.
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.