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

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) announced a dividend on Tuesday, March 11th, investing.com reports. Investors of record on Monday, March 17th will be paid a dividend of 0.0862 per share on Monday, March 31st. This represents a yield of 16.15%. The ex-dividend date is Friday, March 14th.

BlackRock Innovation and Growth Term Trust Stock Up 0.5 %

NYSE BIGZ traded up $0.03 during trading on Wednesday, hitting $6.43. The company had a trading volume of 1,311,471 shares, compared to its average volume of 698,651. The company’s fifty day moving average is $7.75 and its 200-day moving average is $7.67. BlackRock Innovation and Growth Term Trust has a one year low of $6.66 and a one year high of $8.31.

Insider Buying and Selling

In other news, major shareholder Saba Capital Management, L.P. purchased 282,123 shares of BlackRock Innovation and Growth Term Trust stock in a transaction that occurred on Monday, January 6th. The shares were bought at an average cost of $7.72 per share, with a total value of $2,177,989.56. Following the completion of the purchase, the insider now directly owns 60,615,765 shares in the company, valued at approximately $467,953,705.80. This trade represents a 0.47 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders purchased a total of 1,443,111 shares of company stock valued at $11,152,533 over the last three months.

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.