BlackRock Utility and Infrastructure (NYSE:BUI) announced a monthly dividend on Tuesday, April 4th. Stockholders of record on Thursday, April 13th will be paid a dividend of 0.121 per share by the real estate investment trust on Friday, April 28th. This represents a $1.45 dividend on an annualized basis and a dividend yield of 7.04%. The ex-dividend date of this dividend is Tuesday, April 11th.
Shares of BlackRock Utility and Infrastructure (NYSE:BUI) traded down 0.8244% during mid-day trading on Thursday, hitting $20.4401. The stock had a trading volume of 26,325 shares. BlackRock Utility and Infrastructure has a one year low of $17.24 and a one year high of $20.75. The firm’s 50 day moving average price is $19.96 and its 200-day moving average price is $19.13.
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About BlackRock Utility and Infrastructure
BlackRock Utility and Infrastructure Trust is a closed-end management investment company. The Trust’s investment objective is to provide total return through a combination of current income, current gains and long-term capital appreciation. It seeks to achieve its investment objective by investing primarily in equity securities issued by companies that are engaged in the Utilities and Infrastructure business segments in the world and by utilizing an option writing (selling) strategy in an effort to enhance current gains.
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