BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Plans $0.04 Monthly Dividend

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) announced a monthly dividend on Friday, May 3rd, Wall Street Journal reports. Shareholders of record on Wednesday, May 15th will be paid a dividend of 0.0444 per share on Friday, May 31st. This represents a $0.53 annualized dividend and a yield of 7.35%. The ex-dividend date is Tuesday, May 14th.

BlackRock Innovation and Growth Term Trust Price Performance

BIGZ stock traded up $0.05 during midday trading on Friday, reaching $7.26. The company’s stock had a trading volume of 390,168 shares, compared to its average volume of 713,522. The business’s 50-day simple moving average is $7.73 and its 200-day simple moving average is $7.44. BlackRock Innovation and Growth Term Trust has a 52 week low of $6.21 and a 52 week high of $8.35.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. purchased 17,047 shares of the stock in a transaction dated Thursday, March 7th. The stock was bought at an average cost of $8.04 per share, with a total value of $137,057.88. Following the purchase, the insider now directly owns 50,830,351 shares in the company, valued at approximately $408,676,022.04. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased a total of 2,977,569 shares of company stock valued at $23,929,937 over the last three months.

BlackRock Innovation and Growth Term Trust Company Profile

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.