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

BlackRock Energy and Resources Trust (NYSE:BGR) announced a monthly dividend on Friday, June 5th. Stockholders of record on Friday, August 14th will be paid a dividend of 0.0973 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date is Friday, August 14th.

BlackRock Energy and Resources Trust Price Performance

Shares of BGR opened at $16.73 on Wednesday. The firm has a fifty day moving average price of $15.65 and a 200-day moving average price of $15.84. BlackRock Energy and Resources Trust has a 12-month low of $12.92 and a 12-month high of $17.70.

Institutional Investors Weigh In On BlackRock Energy and Resources Trust

Several large investors have recently added to or reduced their stakes in the stock. Assetmark Inc. purchased a new position in shares of BlackRock Energy and Resources Trust during the fourth quarter worth approximately $27,000. SHP Wealth Management purchased a new stake in shares of BlackRock Energy and Resources Trust in the fourth quarter valued at approximately $31,000. Triumph Capital Management bought a new position in BlackRock Energy and Resources Trust in the third quarter worth approximately $33,000. Rockefeller Capital Management L.P. grew its stake in BlackRock Energy and Resources Trust by 286.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 5,278 shares of the company’s stock worth $71,000 after purchasing an additional 3,911 shares in the last quarter. Finally, Parallel Advisors LLC purchased a new position in BlackRock Energy and Resources Trust during the 1st quarter worth $101,000.

BlackRock Energy and Resources Trust Company Profile

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.