BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Announces Monthly Dividend of $0.09

BlackRock Innovation and Growth Term Trust (NYSE:BIGZGet Free Report) declared a monthly dividend on Monday, May 20th, Wall Street Journal reports. Investors of record on Friday, June 14th will be paid a dividend of 0.0889 per share on Friday, June 28th. This represents a $1.07 dividend on an annualized basis and a yield of 14.01%. The ex-dividend date is Friday, June 14th. This is a positive change from BlackRock Innovation and Growth Term Trust’s previous monthly dividend of $0.04.

BlackRock Innovation and Growth Term Trust Trading Down 0.9 %

NYSE BIGZ traded down $0.07 on Tuesday, hitting $7.61. The company’s stock had a trading volume of 702,082 shares, compared to its average volume of 719,151. BlackRock Innovation and Growth Term Trust has a 52-week low of $6.21 and a 52-week high of $8.35. The company’s 50-day simple moving average is $7.58 and its 200 day simple moving average is $7.52.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. purchased 273,686 shares of BlackRock Innovation and Growth Term Trust stock in a transaction that occurred on Monday, February 26th. The shares were bought at an average price of $8.11 per share, for a total transaction of $2,219,593.46. Following the completion of the transaction, the insider now directly owns 50,191,589 shares of the company’s stock, valued at $407,053,786.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders acquired 1,349,224 shares of company stock valued at $10,810,878 over the last quarter.

BlackRock Innovation and Growth Term Trust Company Profile

(Get Free Report)

BlackRock Innovation and Growth Term Trust is a mutual fund launched by BlackRock, Inc and managed by BlackRock Advisors, LLC. BlackRock Innovation and Growth Term Trust is based in United States.

Further Reading

Dividend History for BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

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