BlackRock Utility and Infrastructure Trust (BUI) Declares $0.12 Monthly Dividend
BlackRock Utility and Infrastructure Trust (NYSE:BUI) announced a monthly dividend on Monday, December 11th, Wall Street Journal reports. Investors of record on Friday, December 15th will be given a dividend of 0.121 per share by the real estate investment trust on Friday, December 29th. This represents a $1.45 dividend on an annualized basis and a dividend yield of 6.80%. The ex-dividend date of this dividend is Thursday, December 14th.
Shares of BlackRock Utility and Infrastructure Trust (BUI) traded down $0.04 during trading hours on Monday, reaching $21.34. The company’s stock had a trading volume of 28,700 shares, compared to its average volume of 40,788. BlackRock Utility and Infrastructure Trust has a 52-week low of $18.27 and a 52-week high of $21.72.
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BlackRock Utility and Infrastructure Trust is a closed-end management investment company. The Trust’s investment objective is to provide total return through a combination of current income, current gains and long-term capital appreciation. It seeks to achieve its investment objective by investing primarily in equity securities issued by companies that are engaged in the Utilities and Infrastructure business segments in the world and by utilizing an option writing (selling) strategy in an effort to enhance current gains.
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