BlackRock Resources and Commodities (NYSE:BCX) announced a monthly dividend on Thursday, August 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, August 15th will be given a dividend of 0.0516 per share by the investment management company on Thursday, August 31st. This represents a $0.62 annualized dividend and a dividend yield of 7.23%. The ex-dividend date of this dividend is Friday, August 11th.
BlackRock Resources and Commodities has decreased its dividend by an average of 19.4% annually over the last three years.
BlackRock Resources and Commodities (NYSE BCX) traded down 0.46% during midday trading on Thursday, hitting $8.57. The stock had a trading volume of 194,738 shares. The firm has a 50 day moving average price of $8.21 and a 200 day moving average price of $8.46. The stock’s market cap is $841.04 million. BlackRock Resources and Commodities has a one year low of $7.63 and a one year high of $8.99.
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BlackRock Resources and Commodities Company Profile
BlackRock Resources & Commodities Strategy Trust is a non-diversified, closed-end management investment company. The Trust’s primary investment objective is to seek high current income and current gains, with a secondary objective of capital appreciation. It will seek to achieve its investment objectives, under normal market conditions, by investing at least 80% of its total assets in equity securities issued by commodity or natural resources companies, derivatives with exposure to commodity or natural resources companies or investments in securities and derivatives linked to the underlying price movement of commodities or natural resources.
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