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

BlackRock Energy and Resources Trust (NYSE:BGR) announced a monthly dividend on Friday, January 2nd. Investors of record on Friday, March 13th will be paid a dividend of 0.0973 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date is Friday, March 13th.

BlackRock Energy and Resources Trust Trading Up 1.1%

BlackRock Energy and Resources Trust stock traded up $0.17 during midday trading on Wednesday, reaching $15.85. The stock had a trading volume of 15,661 shares, compared to its average volume of 173,861. The firm’s fifty day simple moving average is $14.87 and its two-hundred day simple moving average is $13.98. BlackRock Energy and Resources Trust has a twelve month low of $11.08 and a twelve month high of $16.25.

Insider Activity

In other BlackRock Energy and Resources Trust news, VP Stephen Thomas Minar bought 4,320 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was acquired at an average price of $14.91 per share, with a total value of $64,411.20. Following the completion of the transaction, the vice president directly owned 4,320 shares in the company, valued at approximately $64,411.20. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hedge Funds Weigh In On BlackRock Energy and Resources Trust

Several institutional investors and hedge funds have recently modified their holdings of BGR. Moors & Cabot Inc. increased its stake in shares of BlackRock Energy and Resources Trust by 1.2% in the third quarter. Moors & Cabot Inc. now owns 65,988 shares of the company’s stock worth $895,000 after acquiring an additional 805 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in BlackRock Energy and Resources Trust by 1.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 74,057 shares of the company’s stock valued at $1,000,000 after purchasing an additional 1,020 shares during the last quarter. MGB Wealth Management LLC grew its stake in BlackRock Energy and Resources Trust by 3.8% in the third quarter. MGB Wealth Management LLC now owns 33,815 shares of the company’s stock valued at $459,000 after purchasing an additional 1,234 shares in the last quarter. Osaic Holdings Inc. grew its stake in BlackRock Energy and Resources Trust by 2.2% in the fourth quarter. Osaic Holdings Inc. now owns 63,067 shares of the company’s stock valued at $854,000 after purchasing an additional 1,339 shares in the last quarter. Finally, Samalin Investment Counsel LLC increased its position in BlackRock Energy and Resources Trust by 1.9% in the 3rd quarter. Samalin Investment Counsel LLC now owns 74,947 shares of the company’s stock worth $1,017,000 after purchasing an additional 1,364 shares during the last quarter.

About BlackRock Energy and Resources Trust

BlackRock Energy and Resources Trust (NYSE: BGR) is a closed-end management investment company that seeks to provide a combination of current income and long-term capital appreciation. The trust focuses its investments primarily on equity and equity-related securities of companies engaged in the energy and natural resources sectors, including exploration, production, refining, distribution and related services.

The trust’s portfolio typically comprises common stocks, American Depositary Receipts (ADRs), master limited partnerships (MLPs) and other equity-linked instruments issued by firms operating in upstream and downstream energy markets, metals and mining, chemicals and related industries.