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

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) declared a monthly dividend on Friday, December 6th,NASDAQ Dividends reports. Stockholders 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 is Monday, December 16th.

BlackRock Innovation and Growth Term Trust Stock Performance

Shares of BlackRock Innovation and Growth Term Trust stock traded up $0.03 during midday trading on Friday, hitting $7.88. The company had a trading volume of 895,448 shares, compared to its average volume of 699,260. BlackRock Innovation and Growth Term Trust has a 52-week low of $6.66 and a 52-week high of $8.25. The company has a 50 day moving average of $7.73 and a 200 day moving average of $7.47.

Insider Transactions at BlackRock Innovation and Growth Term Trust

In related news, major shareholder Saba Capital Management, L.P. purchased 185,716 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were purchased at an average price of $8.07 per share, with a total value of $1,498,728.12. Following the acquisition, the insider now directly owns 58,448,770 shares in the company, valued at $471,681,573.90. The trade was a 0.32 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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.