BlackRock Innovation and Growth Term Trust Plans Monthly Dividend of $0.09 (NYSE:BIGZ)

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) declared a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Shareholders of record on Wednesday, January 15th will be given a dividend of 0.0868 per share on Friday, January 31st. This represents a $1.04 annualized dividend and a yield of 13.79%. The ex-dividend date is Wednesday, January 15th.

BlackRock Innovation and Growth Term Trust Price Performance

Shares of BIGZ opened at $7.56 on Monday. The company’s 50-day simple moving average is $7.73 and its 200-day simple moving average is $7.51. BlackRock Innovation and Growth Term Trust has a 1 year low of $6.66 and a 1 year high of $8.25.

Insiders Place Their Bets

In other news, major shareholder Saba Capital Management, L.P. purchased 282,123 shares of the stock in a transaction on Monday, January 6th. The stock was bought at an average price of $7.72 per share, for a total transaction of $2,177,989.56. Following the acquisition, the insider now directly owns 60,615,765 shares of the company’s stock, valued at approximately $467,953,705.80. The trade was a 0.47 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have acquired a total of 2,835,711 shares of company stock worth $21,996,384 in the last ninety days.

BlackRock Innovation and Growth Term Trust Company Profile

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.