BlackRock Innovation and Growth Term Trust (BIGZ) to Issue Monthly Dividend of $0.09 on February 28th

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) announced a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Investors of record on Friday, February 14th will be paid a dividend of 0.0866 per share on Friday, February 28th. This represents a $1.04 annualized dividend and a dividend yield of 12.66%. The ex-dividend date is Friday, February 14th.

BlackRock Innovation and Growth Term Trust Trading Down 0.5 %

Shares of BIGZ opened at $8.21 on Wednesday. The stock has a 50 day moving average of $7.85 and a 200-day moving average of $7.62. BlackRock Innovation and Growth Term Trust has a 52 week low of $6.66 and a 52 week high of $8.31.

Insiders Place Their Bets

In other news, major shareholder Saba Capital Management, L.P. bought 92,376 shares of the stock in a transaction on Tuesday, November 19th. The shares were purchased at an average price of $7.60 per share, for a total transaction of $702,057.60. Following the completion of the purchase, the insider now directly owns 57,709,483 shares of the company’s stock, valued at $438,592,070.80. This trade represents a 0.16 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders acquired 2,151,281 shares of company stock worth $16,771,796.

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.