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

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

BlackRock Innovation and Growth Term Trust Stock Performance

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

Insider Buying and Selling

In other news, major shareholder Saba Capital Management, L.P. purchased 282,123 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was purchased at an average price of $7.72 per share, for a total transaction of $2,177,989.56. Following the completion of the acquisition, the insider now owns 60,615,765 shares of the company’s stock, valued at approximately $467,953,705.80. This trade represents a 0.47 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have purchased 1,443,111 shares of company stock valued at $11,152,533 in the last 90 days.

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.