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

BlackRock Energy and Resources Trust (NYSE:BGR) announced a monthly dividend on Thursday, September 10th. Investors of record on Friday, December 11th will be paid a dividend of 0.0973 per share on Tuesday, December 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date is Friday, December 11th.

BlackRock Energy and Resources Trust Stock Performance

Shares of BGR opened at $17.61 on Friday. BlackRock Energy and Resources Trust has a 1 year low of $12.92 and a 1 year high of $17.80. The stock’s 50-day moving average price is $16.53 and its two-hundred day moving average price is $16.18.

Institutional Investors Weigh In On BlackRock Energy and Resources Trust

Several institutional investors have recently made changes to their positions in BGR. Royal Bank of Canada increased its holdings in shares of BlackRock Energy and Resources Trust by 2.0% during the first quarter. Royal Bank of Canada now owns 157,022 shares of the company’s stock worth $2,132,000 after buying an additional 3,137 shares in the last quarter. Private Advisor Group LLC grew its stake in 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 purchasing an additional 6,543 shares during the period. Brown Brothers Harriman & Co. grew its holdings in BlackRock Energy and Resources Trust by 29.8% during the third quarter. Brown Brothers Harriman & Co. now owns 45,927 shares of the company’s stock valued at $623,000 after purchasing an additional 10,537 shares during the period. Moors & Cabot Inc. lifted its position in shares of BlackRock Energy and Resources Trust by 1.2% during 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 in the last quarter. Finally, Triumph Capital Management purchased a new stake in BlackRock Energy and Resources Trust in the 3rd quarter worth approximately $33,000.

BlackRock Energy and Resources Trust Company Profile

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.