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

BlackRock Energy and Resources Trust (NYSE:BGR) declared a monthly dividend on Thursday, September 10th. Stockholders of record on Friday, November 13th will be given a dividend of 0.0973 per share on Monday, November 30th. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Friday, November 13th.

BlackRock Energy and Resources Trust Trading Up 0.1%

Shares of BGR opened at $17.61 on Friday. The stock has a 50 day moving average price of $16.53 and a 200 day moving average price of $16.18. BlackRock Energy and Resources Trust has a one year low of $12.92 and a one year high of $17.80.

Hedge Funds Weigh In On BlackRock Energy and Resources Trust

Several hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada raised its holdings in BlackRock Energy and Resources Trust by 2.0% in the 1st quarter. Royal Bank of Canada now owns 157,022 shares of the company’s stock valued at $2,132,000 after acquiring an additional 3,137 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of BlackRock Energy and Resources Trust by 18.7% in the 3rd quarter. Private Advisor Group LLC now owns 41,603 shares of the company’s stock valued at $565,000 after buying an additional 6,543 shares during the period. Brown Brothers Harriman & Co. increased its holdings in shares of BlackRock Energy and Resources Trust by 29.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 45,927 shares of the company’s stock worth $623,000 after buying an additional 10,537 shares during the last quarter. Moors & Cabot Inc. grew its position in BlackRock Energy and Resources Trust by 1.2% in the third quarter. Moors & Cabot Inc. now owns 65,988 shares of the company’s stock worth $895,000 after acquiring an additional 805 shares during the period. Finally, Triumph Capital Management acquired a new position in shares of BlackRock Energy and Resources Trust in the 3rd quarter valued at $33,000.

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.