BlackRock Energy and Resources Trust (NYSE:BGR) to Issue Monthly Dividend of $0.04

BlackRock Energy and Resources Trust (NYSE:BGR – Get Rating) declared a monthly dividend on Monday, May 2nd, Zacks reports. Investors of record on Monday, May 16th will be given a dividend of 0.044 per share on Tuesday, May 31st. This represents a $0.53 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date of this dividend is Friday, May 13th.

BlackRock Energy and Resources Trust has decreased its dividend by an average of 21.5% annually over the last three years and has increased its dividend annually for the last 1 consecutive years.

Shares of BlackRock Energy and Resources Trust stock opened at $11.75 on Wednesday. BlackRock Energy and Resources Trust has a 1 year low of $8.18 and a 1 year high of $12.12. The stock’s fifty day simple moving average is $11.41.

A number of institutional investors have recently modified their holdings of BGR. Morgan Stanley lifted its stake in shares of BlackRock Energy and Resources Trust by 11.4% in the 2nd quarter. Morgan Stanley now owns 1,281,502 shares of the company’s stock worth $12,572,000 after acquiring an additional 131,045 shares during the period. Invesco Ltd. lifted its stake in shares of BlackRock Energy and Resources Trust by 13.0% in the 4th quarter. Invesco Ltd. now owns 510,064 shares of the company’s stock worth $4,836,000 after acquiring an additional 58,854 shares during the period. Bank of Montreal Can acquired a new stake in shares of BlackRock Energy and Resources Trust in the 4th quarter worth $553,000. Walleye Trading LLC acquired a new stake in shares of BlackRock Energy and Resources Trust in the 4th quarter worth $189,000. Finally, UBS Group AG lifted its stake in shares of BlackRock Energy and Resources Trust by 8.6% in the third quarter. UBS Group AG now owns 240,251 shares of the company’s stock valued at $2,277,000 after purchasing an additional 19,094 shares during the period.

BlackRock Energy and Resources Trust Company Profile (Get Rating)

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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