BlackRock Energy and Resources Trust (NYSE:BGR) Announces Monthly Dividend of $0.07

BlackRock Energy and Resources Trust (NYSE:BGRGet Free Report) declared a monthly dividend on Monday, April 1st, Zacks reports. Shareholders of record on Monday, April 15th will be paid a dividend of 0.066 per share on Tuesday, April 30th. This represents a $0.79 annualized dividend and a yield of 5.90%. The ex-dividend date of this dividend is Friday, April 12th.

BlackRock Energy and Resources Trust has raised its dividend payment by an average of 5.6% per year over the last three years and has increased its dividend every year for the last 2 years.

BlackRock Energy and Resources Trust Stock Performance

Shares of NYSE BGR traded down $0.01 during mid-day trading on Wednesday, reaching $13.43. 43,263 shares of the company traded hands, compared to its average volume of 75,803. The company’s fifty day moving average is $12.50 and its two-hundred day moving average is $12.58. BlackRock Energy and Resources Trust has a fifty-two week low of $11.38 and a fifty-two week high of $13.49.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BGR. Private Advisor Group LLC bought a new stake in BlackRock Energy and Resources Trust during the 1st quarter valued at approximately $132,000. Cetera Investment Advisers bought a new stake in BlackRock Energy and Resources Trust during the 4th quarter valued at approximately $133,000. Moors & Cabot Inc. boosted its stake in BlackRock Energy and Resources Trust by 17.3% during the 1st quarter. Moors & Cabot Inc. now owns 13,583 shares of the company’s stock valued at $158,000 after purchasing an additional 2,000 shares during the period. HighTower Advisors LLC boosted its stake in BlackRock Energy and Resources Trust by 24.9% during the 1st quarter. HighTower Advisors LLC now owns 16,884 shares of the company’s stock valued at $196,000 after purchasing an additional 3,371 shares during the period. Finally, MML Investors Services LLC boosted its stake in BlackRock Energy and Resources Trust by 7.8% during the 2nd quarter. MML Investors Services LLC now owns 19,620 shares of the company’s stock valued at $236,000 after purchasing an additional 1,425 shares during the period.

BlackRock Energy and Resources Trust Company Profile

(Get Free Report)

BlackRock Energy and Resources Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. It invests in public equity markets across the globe, with an emphasis on the United States. The fund seeks to invest in stocks of companies operating in the energy and natural resources sectors.

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Dividend History for BlackRock Energy and Resources Trust (NYSE:BGR)

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