BlackRock Energy and Resources Trust (NYSE:BGR – Get Rating) announced a monthly dividend on Tuesday, December 6th, Zacks reports. Investors of record on Friday, December 16th will be given a dividend of 0.058 per share on Friday, December 30th. This represents a $0.70 annualized dividend and a dividend yield of 5.71%. The ex-dividend date is Thursday, December 15th.
BlackRock Energy and Resources Trust has decreased its dividend by an average of 21.5% annually over the last three years and has raised its dividend annually for the last 1 consecutive years.
Get BlackRock Energy and Resources Trust alerts:BlackRock Energy and Resources Trust Trading Down 0.9 %
Shares of BlackRock Energy and Resources Trust stock traded down $0.11 during trading hours on Thursday, reaching $12.19. The company's stock had a trading volume of 87,633 shares, compared to its average volume of 151,884. BlackRock Energy and Resources Trust has a one year low of $8.97 and a one year high of $13.72. The company's 50 day simple moving average is $12.49 and its 200 day simple moving average is $11.86.
Institutional Trading of BlackRock Energy and Resources Trust
Hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. boosted its position in shares of BlackRock Energy and Resources Trust by 16.5% during the first quarter. Advisors Asset Management Inc. now owns 535,868 shares of the company's stock worth $6,216,000 after buying an additional 75,900 shares during the period. Atria Wealth Solutions Inc. bought a new stake in BlackRock Energy and Resources Trust during the 1st quarter valued at $768,000. Quantedge Capital Pte Ltd boosted its position in BlackRock Energy and Resources Trust by 55.8% during the 1st quarter. Quantedge Capital Pte Ltd now owns 65,318 shares of the company's stock worth $758,000 after acquiring an additional 23,400 shares during the period. Royal Bank of Canada grew its stake in shares of BlackRock Energy and Resources Trust by 11.7% in the third quarter. Royal Bank of Canada now owns 155,842 shares of the company's stock worth $1,680,000 after purchasing an additional 16,305 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of BlackRock Energy and Resources Trust by 5.3% during the second quarter. Wells Fargo & Company MN now owns 310,629 shares of the company's stock valued at $3,408,000 after purchasing an additional 15,736 shares during the period.BlackRock Energy and Resources Trust Company Profile
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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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