BlackRock Energy and Resources Trust (NYSE:BGR) Declares Monthly Dividend of $0.10

BlackRock Energy and Resources Trust (NYSE:BGR) declared a monthly dividend on Friday, February 27th. Stockholders of record on Monday, June 15th will be paid a dividend of 0.0973 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date is Monday, June 15th.

BlackRock Energy and Resources Trust Stock Down 0.2%

NYSE:BGR opened at $15.81 on Friday. BlackRock Energy and Resources Trust has a 52-week low of $12.92 and a 52-week high of $17.70. The stock’s 50-day simple moving average is $16.18 and its 200 day simple moving average is $15.30.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Formidable Asset Management LLC acquired a new stake in shares of BlackRock Energy and Resources Trust in the 4th quarter valued at approximately $1,009,000. Triumph Capital Management acquired a new position in BlackRock Energy and Resources Trust during the third quarter worth $33,000. EverSource Wealth Advisors LLC increased its holdings in BlackRock Energy and Resources Trust by 392.2% during the third quarter. EverSource Wealth Advisors LLC now owns 5,020 shares of the company’s stock worth $68,000 after buying an additional 4,000 shares during the last quarter. MGB Wealth Management LLC raised its position in BlackRock Energy and Resources Trust by 3.8% during the third quarter. MGB Wealth Management LLC now owns 33,815 shares of the company’s stock worth $459,000 after acquiring an additional 1,234 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in BlackRock Energy and Resources Trust by 286.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 5,278 shares of the company’s stock valued at $71,000 after acquiring an additional 3,911 shares during the last quarter.

About BlackRock Energy and Resources Trust

BlackRock Energy and Resources Trust (NYSE: BGR) is a closed-end management investment company that seeks to provide a combination of current income and long-term capital appreciation. The trust focuses its investments primarily on equity and equity-related securities of companies engaged in the energy and natural resources sectors, including exploration, production, refining, distribution and related services.

The trust’s portfolio typically comprises common stocks, American Depositary Receipts (ADRs), master limited partnerships (MLPs) and other equity-linked instruments issued by firms operating in upstream and downstream energy markets, metals and mining, chemicals and related industries.