BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Plans $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 paid a dividend of 0.0868 per share on Monday, December 23rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 13.21%. The ex-dividend date is Monday, December 16th.

BlackRock Innovation and Growth Term Trust Trading Up 0.4 %

BlackRock Innovation and Growth Term Trust stock traded up $0.03 during midday trading on Friday, reaching $7.88. The stock had a trading volume of 895,448 shares, compared to its average volume of 699,260. BlackRock Innovation and Growth Term Trust has a 12 month low of $6.66 and a 12 month high of $8.25. The firm’s 50-day moving average price is $7.73 and its 200 day moving average price is $7.47.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. bought 315,074 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were acquired at an average cost of $7.47 per share, with a total value of $2,353,602.78. Following the completion of the purchase, the insider now directly owns 55,339,170 shares of the company’s stock, valued at $413,383,599.90. This trade represents a 0.57 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have purchased a total of 2,143,774 shares of company stock worth $16,495,568 over the last ninety days.

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.