BlackRock Resources and Commodities (NYSE:BCX) announced a monthly dividend on Wednesday, July 5th, Wall Street Journal reports. Investors of record on Friday, July 14th will be paid a dividend of 0.0516 per share by the investment management company on Monday, July 31st. This represents a $0.62 dividend on an annualized basis and a yield of 7.38%. The ex-dividend date is Wednesday, July 12th.
BlackRock Resources and Commodities has decreased its dividend by an average of 19.4% annually over the last three years.
Shares of BlackRock Resources and Commodities (NYSE:BCX) traded up 0.12% during midday trading on Friday, reaching $8.39. 173,522 shares of the company were exchanged. The company’s 50-day moving average price is $8.14 and its 200 day moving average price is $8.46. BlackRock Resources and Commodities has a 52-week low of $7.63 and a 52-week high of $8.99.
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About BlackRock Resources and Commodities
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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