BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Announces Monthly Dividend of $0.09

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) announced a monthly dividend on Thursday, August 1st, Zacks reports. Stockholders of record on Thursday, August 15th will be given a dividend of 0.088 per share on Friday, August 30th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 15.09%. The ex-dividend date is Thursday, August 15th.

BlackRock Innovation and Growth Term Trust Price Performance

BIGZ traded down $0.18 during trading hours on Friday, reaching $7.00. 1,000,983 shares of the stock traded hands, compared to its average volume of 742,805. BlackRock Innovation and Growth Term Trust has a fifty-two week low of $6.21 and a fifty-two week high of $8.25. The firm’s fifty day simple moving average is $7.32 and its two-hundred day simple moving average is $7.56.

Insider Buying and Selling at BlackRock Innovation and Growth Term Trust

In other BlackRock Innovation and Growth Term Trust news, major shareholder Saba Capital Management, L.P. acquired 42,236 shares of the company’s stock in a transaction on Friday, July 5th. The shares were bought at an average cost of $7.38 per share, for a total transaction of $311,701.68. Following the acquisition, the insider now directly owns 52,553,522 shares of the company’s stock, valued at $387,844,992.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders bought a total of 1,278,551 shares of company stock valued at $9,436,209 in the last ninety days.

BlackRock Innovation and Growth Term Trust Company Profile

BlackRock Innovation and Growth Term Trust is a mutual fund launched by BlackRock, Inc and managed by BlackRock Advisors, LLC. BlackRock Innovation and Growth Term Trust is based in United States.