Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Raises Dividend to $0.05 Per Share

by · The Cerbat Gem

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX – Get Free Report) declared a monthly dividend on Tuesday, December 5th, Zacks reports. Shareholders of record on Friday, December 15th will be paid a dividend of 0.052 per share by the investment management company on Wednesday, December 20th. This represents a $0.62 annualized dividend and a yield of 7.30%. The ex-dividend date is Thursday, December 14th. This is a boost from Blackrock Resources & Commodities Strategy Trust’s previous monthly dividend of $0.05.

Blackrock Resources & Commodities Strategy Trust has decreased its dividend by an average of 3.9% per year over the last three years and has raised its dividend every year for the last 1 years.

Blackrock Resources & Commodities Strategy Trust Price Performance

BCX opened at $8.55 on Thursday. Blackrock Resources & Commodities Strategy Trust has a 1-year low of $8.43 and a 1-year high of $10.59. The business has a 50 day moving average of $8.81 and a 200-day moving average of $9.12.

Institutional Investors Weigh In On Blackrock Resources & Commodities Strategy Trust

Several hedge funds have recently modified their holdings of the business. Stephens Inc. AR boosted its position in shares of Blackrock Resources & Commodities Strategy Trust by 3.9% in the second quarter. Stephens Inc. AR now owns 35,540 shares of the investment management company’s stock valued at $322,000 after acquiring an additional 1,345 shares during the period. D.A. Davidson & CO. boosted its position in shares of Blackrock Resources & Commodities Strategy Trust by 7.9% in the first quarter. D.A. Davidson & CO. now owns 20,972 shares of the investment management company’s stock valued at $232,000 after acquiring an additional 1,530 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Blackrock Resources & Commodities Strategy Trust by 64.3% in the first quarter. Geneos Wealth Management Inc. now owns 4,256 shares of the investment management company’s stock valued at $46,000 after acquiring an additional 1,665 shares during the period. Moors & Cabot Inc. boosted its position in shares of Blackrock Resources & Commodities Strategy Trust by 4.0% in the first quarter. Moors & Cabot Inc. now owns 47,081 shares of the investment management company’s stock valued at $520,000 after acquiring an additional 1,810 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of Blackrock Resources & Commodities Strategy Trust by 1.5% in the first quarter. Steward Partners Investment Advisory LLC now owns 141,990 shares of the investment management company’s stock valued at $1,355,000 after acquiring an additional 2,119 shares during the period.

About Blackrock Resources & Commodities Strategy Trust

(Get Free Report)

Blackrock Resources & Commodities Strategy Trust is a closed-ended equity mutual fund launched by BlackRock, Inc It is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the commodities or natural resources sectors.

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