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

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) declared a monthly dividend on Thursday, August 1st, Zacks reports. Shareholders of record on Thursday, August 15th will be given a dividend of 0.088 per share on Friday, August 30th. This represents a $1.06 dividend on an annualized basis and a yield of 15.09%. The ex-dividend date of this dividend is Thursday, August 15th.

BlackRock Innovation and Growth Term Trust Trading Down 2.5 %

BIGZ traded down $0.18 during midday trading on Friday, reaching $7.00. 1,000,983 shares of the company’s stock traded hands, compared to its average volume of 742,805. The firm has a fifty day moving average of $7.32 and a two-hundred day moving average of $7.56. BlackRock Innovation and Growth Term Trust has a 52 week low of $6.21 and a 52 week high of $8.25.

Insider Buying and Selling at BlackRock Innovation and Growth Term Trust

In other BlackRock Innovation and Growth Term Trust news, major shareholder Saba Capital Management, L.P. purchased 27,528 shares of the stock in a transaction on Monday, July 29th. The stock was acquired at an average price of $7.25 per share, with a total value of $199,578.00. Following the transaction, the insider now directly owns 54,241,736 shares of the company’s stock, valued at approximately $393,252,586. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired 1,278,551 shares of company stock valued at $9,436,209 in the last 90 days.

About BlackRock Innovation and Growth Term Trust

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.