BlackRock Innovation and Growth Term Trust (BIGZ) to Issue Monthly Dividend of $0.04 on May 31st

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) announced a monthly dividend on Friday, May 3rd, Wall Street Journal reports. Investors of record on Wednesday, May 15th will be given 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 Stock Performance

BlackRock Innovation and Growth Term Trust stock opened at $7.26 on Friday. BlackRock Innovation and Growth Term Trust has a 1 year low of $6.21 and a 1 year high of $8.35. The firm’s 50 day moving average price is $7.71 and its two-hundred day moving average price is $7.44.

Insider Transactions at BlackRock Innovation and Growth Term Trust

In related news, major shareholder Saba Capital Management, L.P. bought 486,478 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were bought at an average cost of $8.07 per share, with a total value of $3,925,877.46. Following the completion of the transaction, the insider now directly owns 48,990,643 shares of the company’s stock, valued at $395,354,489.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders purchased a total of 2,977,569 shares of company stock valued at $23,929,937 in 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.