BlackRock Energy and Resources Trust (NYSE:BGR) to Issue $0.10 Monthly Dividend

BlackRock Energy and Resources Trust (NYSE:BGR) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, April 15th will be paid a dividend of 0.0973 per share on Wednesday, April 30th. This represents a $1.17 dividend on an annualized basis and a yield of 9.83%. The ex-dividend date of this dividend is Tuesday, April 15th.

BlackRock Energy and Resources Trust has increased its dividend payment by an average of 20.3% annually over the last three years.

BlackRock Energy and Resources Trust Trading Down 8.6 %

NYSE BGR opened at $11.88 on Friday. BlackRock Energy and Resources Trust has a 12 month low of $11.82 and a 12 month high of $13.94. The company’s 50 day simple moving average is $13.32 and its 200 day simple moving average is $13.20.

BlackRock Energy and Resources Trust Company Profile

BlackRock Energy and Resources Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. It invests in public equity markets across the globe, with an emphasis on the United States. The fund seeks to invest in stocks of companies operating in the energy and natural resources sectors.