Shares of BlackRock Global Energy & Resources Trus (NYSE:BGR) rose 0.6% on Tuesday after the company announced a dividend. The stock traded as high as $11.08 and last traded at $11.06, approximately 195,631 shares changed hands during trading. An increase of 60% from the average daily volume of 121,976 shares. The stock had previously closed at $10.99.
The newly announced dividend which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $0.0776 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.93 dividend on an annualized basis and a yield of 8.42%.
The stock has a 50-day simple moving average of $11.19 and a 200 day simple moving average of $11.15.
BlackRock Global Energy & Resources Trus Company Profile (NYSE:BGR)
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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