BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) to Issue $0.09 Monthly Dividend

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) declared a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Investors of record on Friday, November 15th will be given a dividend of 0.0863 per share on Friday, November 29th. This represents a $1.04 annualized dividend and a yield of 13.30%. The ex-dividend date of this dividend is Friday, November 15th.

BlackRock Innovation and Growth Term Trust Trading Up 0.5 %

NYSE BIGZ traded up $0.04 during trading hours on Wednesday, hitting $7.79. 432,947 shares of the stock were exchanged, compared to its average volume of 698,121. BlackRock Innovation and Growth Term Trust has a 12-month low of $6.66 and a 12-month high of $8.25. The stock has a 50-day moving average of $7.54 and a 200 day moving average of $7.39.

Insider Buying and Selling at BlackRock Innovation and Growth Term Trust

In related news, major shareholder Saba Capital Management, L.P. bought 36,418 shares of the company’s stock in a transaction on Monday, August 19th. The stock was bought at an average cost of $7.22 per share, with a total value of $262,937.96. Following the completion of the acquisition, the insider now owns 54,451,815 shares in the company, valued at approximately $393,142,104.30. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders purchased 1,491,783 shares of company stock valued at $11,232,515.

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.