BlackRock Energy and Resources Trust (BGR) to Issue Monthly Dividend of $0.10 on June 30th

BlackRock Energy and Resources Trust (NYSE:BGRGet Free Report) declared a monthly dividend on Friday, February 27th. Shareholders of record on Monday, June 15th will be given a dividend of 0.0973 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 7.4%. The ex-dividend date is Monday, June 15th.

BlackRock Energy and Resources Trust Trading Down 0.2%

BGR stock traded down $0.03 during mid-day trading on Friday, reaching $15.81. 168,483 shares of the stock traded hands, compared to its average volume of 151,409. BlackRock Energy and Resources Trust has a one year low of $12.92 and a one year high of $17.70. The business has a 50-day moving average price of $16.18 and a two-hundred day moving average price of $15.30.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its position in BlackRock Energy and Resources Trust by 14.1% during the first quarter. PNC Financial Services Group Inc. now owns 5,811 shares of the company’s stock valued at $101,000 after acquiring an additional 720 shares during the last quarter. Moors & Cabot Inc. increased its position in BlackRock Energy and Resources Trust by 1.2% during the third quarter. Moors & Cabot Inc. now owns 65,988 shares of the company’s stock valued at $895,000 after acquiring an additional 805 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its position in BlackRock Energy and Resources Trust by 3.6% during the first quarter. Nations Financial Group Inc. IA ADV now owns 27,928 shares of the company’s stock valued at $483,000 after acquiring an additional 961 shares during the last quarter. MGB Wealth Management LLC increased its position in BlackRock Energy and Resources Trust by 3.8% during the third quarter. MGB Wealth Management LLC now owns 33,815 shares of the company’s stock valued at $459,000 after acquiring an additional 1,234 shares during the last quarter. Finally, Osaic Holdings Inc. increased its position in BlackRock Energy and Resources Trust by 2.2% during the fourth quarter. Osaic Holdings Inc. now owns 63,067 shares of the company’s stock valued at $854,000 after acquiring an additional 1,339 shares during the last quarter.

About BlackRock Energy and Resources Trust

(Get Free Report)

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.

See Also

Dividend History for BlackRock Energy and Resources Trust (NYSE:BGR)

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