BlackRock Core Bond Trust
BHKFinancial Services · Stock · monthly payer
Forward Yield
10.14%
Annual Dividend
$0.90
Payout Ratio
125%
5-Yr Growth
1.9%
Ex-Date
Aug 14, 2026
Frequency
Monthly
Summary
As of July 2026, BlackRock Core Bond Trust (BHK) yields 10.14% ($0.90 per share annually), with a blended fair-value estimate of $15.34 — +73% upside, so it screens as undervalued. Dividend safety grade: C (64/100). 1 years of dividend growth.
Is BHK a good dividend stock?
Yes, with caveatsBlackRock Core Bond Trust (BHK) pays a monthly dividend yielding 10.14% ($0.90/yr), with 1 year of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
Risks
- Cut its dividend in 2016
- Elevated payout ratio (125%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 10.14%
- Payout Ratio
- 125%
- Annual Dividend
- $0.90
- 5-Yr Avg Growth
- 1.9%
- Ex-Dividend Date
- Aug 14, 2026
- Years of Growth
- 1
- Frequency
- monthly
- Beta
- 0.65
- Market Cap
- $642.1M
- P/E Ratio
- 12.5
- 5-Yr Total Return
- -46%
- 52-Week Range
- $8.69 – $10.12
- Dividend Safety
- C · 64/100
- Ever Cut?
- Yes (2016)
Frequently Asked Questions
BHK Price — Last 12 Months
Daily close
Price Return
1 Year
-8%
3 Years
-14%
5 Years
-46%
52-Week Range
$8.69 – $10.12
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is BHK worth?
Undervaluedmedium confidenceOur blended fair-value estimate for BlackRock Core Bond Trust is $15.34 per share, versus a market price of $8.89. That implies 73% of upside — a margin of safety of about 42%.
Fair Value
$15.34
Current Price
$8.89
Upside
+73%
Margin of Safety
42%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 2.4% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.6% discount rate (CAPM), 2.4% stage-1 growth, 2.5% terminal growth, $0.71 EPS, $0.90 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
BHK Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 15, 2026 | — | $0.0750 | regular |
| Jun 15, 2026 | — | $0.0750 | regular |
| May 15, 2026 | — | $0.0750 | regular |
| Apr 15, 2026 | — | $0.0750 | regular |
| Mar 13, 2026 | — | $0.0750 | regular |
| Feb 13, 2026 | — | $0.0750 | regular |
| Jan 20, 2026 | — | $0.0750 | regular |
| Dec 22, 2025 | — | $0.0750 | regular |
| Nov 14, 2025 | — | $0.0750 | regular |
| Oct 15, 2025 | — | $0.0750 | regular |
| Sep 15, 2025 | — | $0.0750 | regular |
| Aug 15, 2025 | — | $0.0750 | regular |
| Jul 15, 2025 | — | $0.0750 | regular |
| Jun 13, 2025 | — | $0.0750 | regular |
Income Calculator
At $0.90 / yr per share
