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

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) announced 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 annualized dividend and a dividend yield of 13.21%. The ex-dividend date of this dividend is Monday, December 16th.

BlackRock Innovation and Growth Term Trust Stock Up 0.4 %

NYSE:BIGZ traded up $0.03 during trading hours on Friday, reaching $7.88. 895,448 shares of the company traded hands, compared to its average volume of 699,260. The business’s 50-day moving average price is $7.73 and its two-hundred day moving average price is $7.47. BlackRock Innovation and Growth Term Trust has a 1 year low of $6.66 and a 1 year high of $8.25.

Insider Transactions at BlackRock Innovation and Growth Term Trust

In related news, major shareholder Saba Capital Management, L.P. purchased 185,716 shares of BlackRock Innovation and Growth Term Trust stock in a transaction dated Wednesday, December 4th. The stock was purchased at an average cost of $8.07 per share, for a total transaction of $1,498,728.12. Following the completion of the purchase, the insider now directly owns 58,448,770 shares of the company’s stock, valued at $471,681,573.90. The trade was a 0.32 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders purchased a total of 2,143,774 shares of company stock valued at $16,495,568 in the last quarter.

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.