BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) to Issue $0.04 Monthly Dividend

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) announced a monthly dividend on Friday, May 3rd, Wall Street Journal reports. Investors of record on Wednesday, May 15th will be paid a dividend of 0.0444 per share on Friday, May 31st. This represents a $0.53 annualized dividend and a dividend yield of 7.35%. The ex-dividend date is Tuesday, May 14th.

BlackRock Innovation and Growth Term Trust Price Performance

NYSE:BIGZ traded up $0.05 on Friday, hitting $7.26. The company had a trading volume of 390,168 shares, compared to its average volume of 713,522. The firm has a 50 day moving average of $7.73 and a two-hundred day moving average of $7.44. BlackRock Innovation and Growth Term Trust has a 52 week low of $6.21 and a 52 week high of $8.35.

Insider Transactions at BlackRock Innovation and Growth Term Trust

In other news, major shareholder Saba Capital Management, L.P. bought 29,397 shares of the company’s stock in a transaction on Monday, February 5th. The stock was purchased at an average cost of $7.70 per share, for a total transaction of $226,356.90. Following the completion of the transaction, the insider now owns 46,856,929 shares of the company’s stock, valued at $360,798,353.30. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last ninety days, insiders purchased 2,977,569 shares of company stock worth $23,929,937.

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.