BlackRock Energy and Resources Trust (BGR) to Issue Monthly Dividend of $0.10 on June 30th

BlackRock Energy and Resources Trust (NYSE:BGR) declared a monthly dividend on Wednesday, June 4th, Wall Street Journal reports. Shareholders of record on Friday, June 13th will be given a dividend of 0.0973 per share on Monday, June 30th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 8.98%. The ex-dividend date of this dividend is Friday, June 13th.

BlackRock Energy and Resources Trust Price Performance

NYSE BGR opened at $13.00 on Wednesday. The stock’s fifty day moving average price is $12.30 and its 200 day moving average price is $12.93. BlackRock Energy and Resources Trust has a 1 year low of $11.08 and a 1 year high of $13.94.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in BlackRock Energy and Resources Trust stock. Royal Bank of Canada grew its holdings in BlackRock Energy and Resources Trust (NYSE:BGR) by 2.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 157,022 shares of the company’s stock after acquiring an additional 3,137 shares during the period. Royal Bank of Canada’s holdings in BlackRock Energy and Resources Trust were worth $2,132,000 at the end of the most recent quarter.

BlackRock Energy and Resources Trust Company Profile

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.