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

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) announced a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.0866 per share on Friday, February 28th. This represents a $1.04 annualized dividend and a dividend yield of 12.66%. The ex-dividend date is Friday, February 14th.

BlackRock Innovation and Growth Term Trust Stock Down 0.5 %

Shares of BlackRock Innovation and Growth Term Trust stock opened at $8.21 on Wednesday. BlackRock Innovation and Growth Term Trust has a 12 month low of $6.66 and a 12 month high of $8.31. The business has a fifty day simple moving average of $7.85 and a 200 day simple moving average of $7.62.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. bought 68,422 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were bought at an average price of $7.86 per share, with a total value of $537,796.92. Following the completion of the transaction, the insider now owns 57,860,159 shares of the company’s stock, valued at $454,780,849.74. This trade represents a 0.12 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have bought a total of 2,151,281 shares of company stock worth $16,771,796 over the last three months.

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.