BlackRock Innovation and Growth Term Trust (BIGZ) to Issue Monthly Dividend of $0.09 on December 23rd

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) declared a monthly dividend on Friday, December 6th,NASDAQ Dividends reports. Investors of record on Monday, December 16th will be given a dividend of 0.0868 per share on Monday, December 23rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 13.21%. The ex-dividend date of this dividend is Monday, December 16th.

BlackRock Innovation and Growth Term Trust Price Performance

Shares of BIGZ stock traded up $0.03 on Friday, reaching $7.88. 895,448 shares of the company were exchanged, compared to its average volume of 699,260. The company has a 50-day moving average of $7.73 and a 200-day moving average of $7.47. BlackRock Innovation and Growth Term Trust has a one year low of $6.66 and a one year high of $8.25.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. acquired 31,631 shares of the company’s stock in a transaction on Monday, September 16th. The shares were acquired at an average cost of $7.33 per share, for a total transaction of $231,855.23. Following the purchase, the insider now owns 54,873,172 shares in the company, valued at approximately $402,220,350.76. The trade was a 0.06 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have bought a total of 2,143,774 shares of company stock worth $16,495,568 in the last ninety days.

About BlackRock Innovation and Growth Term Trust

BlackRock Innovation and Growth Term Trust is a mutual fund launched by BlackRock, Inc and managed by BlackRock Advisors, LLC. BlackRock Innovation and Growth Term Trust is based in United States.