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

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) declared a monthly dividend on Thursday, September 12th, NASDAQ reports. Shareholders of record on Tuesday, October 15th will be given a dividend of 0.0864 per share on Thursday, October 31st. This represents a $1.04 annualized dividend and a yield of 13.47%. The ex-dividend date of this dividend is Tuesday, October 15th.

BlackRock Innovation and Growth Term Trust Trading Up 0.9 %

BIGZ traded up $0.07 during trading on Friday, hitting $7.70. 495,586 shares of the stock were exchanged, compared to its average volume of 714,747. The firm has a 50 day simple moving average of $7.37 and a 200 day simple moving average of $7.39. BlackRock Innovation and Growth Term Trust has a 1 year low of $6.21 and a 1 year high of $8.25.

Insiders Place Their Bets

In related news, major shareholder Saba Capital Management, L.P. bought 34,572 shares of the company’s stock in a transaction on Wednesday, July 17th. The shares were acquired at an average price of $7.38 per share, with a total value of $255,141.36. Following the transaction, the insider now owns 53,684,640 shares of the company’s stock, valued at $396,192,643.20. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have bought 1,517,680 shares of company stock worth $11,241,823 in the last ninety days.

About BlackRock Innovation and Growth Term Trust

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.