BlackRock Energy and Resources Trust (NYSE:BGR) Raises Dividend to $0.07 Per Share

BlackRock Energy and Resources Trust (NYSE:BGR) announced a monthly dividend on Thursday, August 1st, Zacks reports. Investors of record on Thursday, August 15th will be given a dividend of 0.066 per share on Friday, August 30th. This represents a $0.79 annualized dividend and a dividend yield of 6.18%. The ex-dividend date of this dividend is Thursday, August 15th. This is a boost from BlackRock Energy and Resources Trust’s previous monthly dividend of $0.07.

BlackRock Energy and Resources Trust has raised its dividend payment by an average of 5.6% per year over the last three years.

BlackRock Energy and Resources Trust Trading Down 2.2 %

BGR traded down $0.29 during trading on Friday, reaching $12.82. 95,920 shares of the company traded hands, compared to its average volume of 75,166. The firm has a fifty day simple moving average of $13.06 and a 200 day simple moving average of $12.89. BlackRock Energy and Resources Trust has a 12-month low of $11.86 and a 12-month high of $13.68.

BlackRock Energy and Resources Trust Company Profile

BlackRock Energy and Resources Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. It invests in public equity markets across the globe, with an emphasis on the United States. The fund seeks to invest in stocks of companies operating in the energy and natural resources sectors.