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

BlackRock Energy and Resources Trust (NYSE:BGR) declared a monthly dividend on Friday, December 12th. Stockholders of record on Monday, December 22nd will be paid a dividend of 0.0973 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date is Monday, December 22nd.

BlackRock Energy and Resources Trust Stock Up 0.3%

Shares of NYSE:BGR opened at $13.43 on Friday. BlackRock Energy and Resources Trust has a fifty-two week low of $11.08 and a fifty-two week high of $14.18. The firm’s 50 day moving average price is $13.50 and its 200 day moving average price is $13.40.

Hedge Funds Weigh In On BlackRock Energy and Resources Trust

Several large investors have recently bought and sold shares of BGR. Raymond James Financial Inc. increased its holdings in shares of BlackRock Energy and Resources Trust by 2.4% in the 1st quarter. Raymond James Financial Inc. now owns 395,306 shares of the company’s stock valued at $5,368,000 after acquiring an additional 9,191 shares during the last quarter. Cypress Capital Management LLC WY increased its stake in BlackRock Energy and Resources Trust by 1.0% in the third quarter. Cypress Capital Management LLC WY now owns 307,835 shares of the company’s stock valued at $4,177,000 after purchasing an additional 3,052 shares during the last quarter. Cypress Capital Management LLC WY raised its holdings in BlackRock Energy and Resources Trust by 150.7% during the second quarter. Cypress Capital Management LLC WY now owns 304,783 shares of the company’s stock worth $4,041,000 after purchasing an additional 183,190 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of BlackRock Energy and Resources Trust by 4.7% during the 1st quarter. Advisors Asset Management Inc. now owns 270,668 shares of the company’s stock worth $3,676,000 after buying an additional 12,169 shares during the last quarter. Finally, Truist Financial Corp boosted its holdings in shares of BlackRock Energy and Resources Trust by 2.8% in the 3rd quarter. Truist Financial Corp now owns 160,784 shares of the company’s stock valued at $2,182,000 after buying an additional 4,426 shares in the last quarter.

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.