BCX - BCX: A Discounted Entry Point Into The Commodities Sector
2024-02-24 21:53:17 ET
Summary
- BlackRock Resources & Commodities Strategy Trust is an equity closed-end fund that invests in commodity-focused stocks.
- BCX currently has a significant 14% discount to its Net Asset Value, providing an opportunity for investors to gain exposure to its portfolio at a reduced price.
- BCX offers a substantial 7.00% dividend yield, which could become even more attractive if interest rate cuts materialize. Additionally, the fund's weighted consensus estimates suggest a potential upside of 19%.
Fund Overview
BlackRock Resources & Commodities Strategy Trust (BCX) is an equity closed-end fund. The fund invests in stocks with companies operating in the commodity space, with the distribution below based on the latest report provided by BlackRock (as reported as of September 30, 2023). These distributions will be updated as of 12/31/23 when the fund publishes its annual at the end of February 2024....
BCX: A Discounted Entry Point Into The Commodities Sector