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

BlackRock Core Bond Trust (NYSE:BHK) declared a monthly dividend on Friday, June 5th. Stockholders of record on Wednesday, July 15th will be paid a dividend of 0.0746 per share by the investment management company on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 9.9%. The ex-dividend date is Wednesday, July 15th.

BlackRock Core Bond Trust Stock Performance

NYSE BHK opened at $9.03 on Monday. The firm has a 50-day moving average of $9.01 and a 200-day moving average of $9.28. BlackRock Core Bond Trust has a 52-week low of $8.69 and a 52-week high of $10.12.

Institutional Investors Weigh In On BlackRock Core Bond Trust

Institutional investors have recently made changes to their positions in the company. Royal Bank of Canada increased its stake in shares of BlackRock Core Bond Trust by 1.2% during the first quarter. Royal Bank of Canada now owns 94,643 shares of the investment management company’s stock worth $1,027,000 after purchasing an additional 1,101 shares during the period. NewEdge Advisors LLC boosted its stake in BlackRock Core Bond Trust by 9.1% in the 1st quarter. NewEdge Advisors LLC now owns 50,918 shares of the investment management company’s stock valued at $552,000 after purchasing an additional 4,229 shares during the period. Envestnet Asset Management Inc. bought a new stake in BlackRock Core Bond Trust in the 2nd quarter valued at $188,000. Invesco Ltd. grew its holdings in BlackRock Core Bond Trust by 22.9% in the 2nd quarter. Invesco Ltd. now owns 472,638 shares of the investment management company’s stock valued at $4,594,000 after buying an additional 88,116 shares in the last quarter. Finally, Cary Street Partners Financial LLC acquired a new position in BlackRock Core Bond Trust in the 2nd quarter valued at $184,000.

BlackRock Core Bond Trust Company Profile

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.