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

BlackRock Energy and Resources Trust (NYSE:BGR) announced a monthly dividend on Friday, December 12th. Stockholders of record on Monday, December 22nd will be given 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 of this dividend is Monday, December 22nd.

BlackRock Energy and Resources Trust Stock Up 0.3%

Shares of BGR stock opened at $13.43 on Friday. The business has a 50-day moving average price of $13.50 and a two-hundred day moving average price of $13.40. BlackRock Energy and Resources Trust has a 12-month low of $11.08 and a 12-month high of $14.18.

Institutional Investors Weigh In On BlackRock Energy and Resources Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Truist Financial Corp raised its holdings in shares of BlackRock Energy and Resources Trust by 0.6% during the second quarter. Truist Financial Corp now owns 156,358 shares of the company’s stock valued at $2,073,000 after purchasing an additional 999 shares during the last quarter. Raymond James Financial Inc. raised its stake in BlackRock Energy and Resources Trust by 2.4% during the 1st quarter. Raymond James Financial Inc. now owns 395,306 shares of the company’s stock valued at $5,368,000 after buying an additional 9,191 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of BlackRock Energy and Resources Trust by 2.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 73,037 shares of the company’s stock valued at $987,000 after buying an additional 1,989 shares during the period. Moors & Cabot Inc. boosted its stake in shares of BlackRock Energy and Resources Trust by 527.7% in the 2nd quarter. Moors & Cabot Inc. now owns 65,183 shares of the company’s stock worth $864,000 after buying an additional 54,798 shares during the last quarter. Finally, Cypress Capital Management LLC WY grew its holdings in shares of BlackRock Energy and Resources Trust by 150.7% in the second quarter. Cypress Capital Management LLC WY now owns 304,783 shares of the company’s stock worth $4,041,000 after acquiring an additional 183,190 shares during the period.

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.