BlackRock Energy and Resources Trust (NYSE:BGR) to Issue Monthly Dividend of $0.07

BlackRock Energy and Resources Trust (NYSE:BGR) announced a monthly dividend on Wednesday, May 1st, Zacks reports. Investors of record on Wednesday, May 15th will be given a dividend of 0.066 per share on Friday, May 31st. This represents a $0.79 annualized dividend and a dividend yield of 6.04%. The ex-dividend date of this dividend is Tuesday, May 14th.

BlackRock Energy and Resources Trust has increased its dividend payment by an average of 5.6% annually over the last three years and has raised its dividend every year for the last 2 years.

BlackRock Energy and Resources Trust Stock Performance

NYSE:BGR traded up $0.01 during mid-day trading on Friday, hitting $13.12. 121,187 shares of the company’s stock traded hands, compared to its average volume of 76,043. The firm’s 50 day simple moving average is $13.01 and its 200 day simple moving average is $12.64. BlackRock Energy and Resources Trust has a 1 year low of $11.38 and a 1 year high of $13.68.

About BlackRock Energy and Resources Trust

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.