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

BlackRock Core Bond Trust (NYSE:BHK) announced a monthly dividend on Friday, June 5th. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.0746 per share by the investment management company on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 10.2%. The ex-dividend date of this dividend is Tuesday, September 15th.

BlackRock Core Bond Trust Stock Down 0.1%

BHK stock opened at $8.76 on Friday. The firm’s fifty day moving average is $9.01 and its 200 day moving average is $9.09. BlackRock Core Bond Trust has a 52 week low of $8.69 and a 52 week high of $10.12.

Hedge Funds Weigh In On BlackRock Core Bond Trust

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

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.