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

BlackRock Energy and Resources Trust (NYSE:BGR) declared a monthly dividend on Friday, February 27th. Investors of record on Wednesday, April 15th will be given a dividend of 0.0973 per share on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date is Wednesday, April 15th.

BlackRock Energy and Resources Trust Stock Performance

Shares of NYSE BGR opened at $16.01 on Monday. BlackRock Energy and Resources Trust has a 12-month low of $11.36 and a 12-month high of $17.70. The firm has a 50 day moving average of $15.88 and a 200 day moving average of $14.48.

Insider Activity at BlackRock Energy and Resources Trust

In related news, VP Stephen Thomas Minar bought 4,320 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were bought at an average cost of $14.91 per share, with a total value of $64,411.20. Following the acquisition, the vice president owned 4,320 shares in the company, valued at $64,411.20. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Trading of BlackRock Energy and Resources Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. &PARTNERS bought a new position in shares of BlackRock Energy and Resources Trust in the fourth quarter worth about $1,048,000. Formidable Asset Management LLC purchased a new stake in BlackRock Energy and Resources Trust in the 4th quarter worth approximately $1,009,000. TMB Capital Partners LLC bought a new stake in BlackRock Energy and Resources Trust during the 4th quarter worth approximately $307,000. Moors & Cabot Inc. lifted 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 in the last quarter. Finally, Jane Street Group LLC purchased 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.