BlackRock Energy and Resources Trust to Issue Monthly Dividend of $0.10 (NYSE:BGR)

BlackRock Energy and Resources Trust (NYSE:BGR) announced a monthly dividend on Friday, January 2nd. Investors of record on Friday, March 13th will be given a dividend of 0.0973 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date is Friday, March 13th.

BlackRock Energy and Resources Trust Trading Up 1.1%

NYSE:BGR traded up $0.17 during trading hours on Wednesday, reaching $15.85. The company’s stock had a trading volume of 15,661 shares, compared to its average volume of 173,861. BlackRock Energy and Resources Trust has a one year low of $11.08 and a one year high of $16.25. The business’s 50-day moving average is $14.87 and its 200-day moving average is $13.98.

Insider Buying and Selling at BlackRock Energy and Resources Trust

In related news, VP Stephen Thomas Minar purchased 4,320 shares of BlackRock Energy and Resources Trust stock in a transaction on Tuesday, February 10th. The stock was bought at an average price of $14.91 per share, with a total value of $64,411.20. Following the completion of the transaction, the vice president directly owned 4,320 shares of the company’s stock, valued at approximately $64,411.20. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BGR. &PARTNERS bought a new position in shares of BlackRock Energy and Resources Trust in the 4th quarter valued at approximately $1,048,000. Formidable Asset Management LLC bought a new stake in BlackRock Energy and Resources Trust during the fourth quarter worth approximately $1,009,000. TMB Capital Partners LLC bought a new stake in BlackRock Energy and Resources Trust during the fourth quarter worth approximately $307,000. Moors & Cabot Inc. grew its holdings in BlackRock Energy and Resources Trust by 27.9% during the fourth quarter. Moors & Cabot Inc. now owns 84,411 shares of the company’s stock valued at $1,143,000 after purchasing an additional 18,423 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in BlackRock Energy and Resources Trust during the fourth quarter valued at approximately $226,000.

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.