BlackRock Science and Technology Term Trust to Issue Monthly Dividend of $0.16 (NASDAQ:BSTZ)

BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) announced a monthly dividend on Friday, February 27th. Stockholders of record on Monday, June 15th will be given a dividend of 0.1625 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Monday, June 15th.

BlackRock Science and Technology Term Trust Stock Up 1.6%

BSTZ opened at $30.80 on Friday. BlackRock Science and Technology Term Trust has a fifty-two week low of $19.23 and a fifty-two week high of $31.58. The business has a 50-day moving average of $27.09 and a 200-day moving average of $24.09.

Institutional Investors Weigh In On BlackRock Science and Technology Term Trust

Institutional investors and hedge funds have recently modified their holdings of the business. US Bancorp DE increased its position in BlackRock Science and Technology Term Trust by 165.3% during the third quarter. US Bancorp DE now owns 1,804 shares of the company’s stock worth $40,000 after buying an additional 1,124 shares during the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of BlackRock Science and Technology Term Trust in the first quarter worth about $40,000. Fifth Third Bancorp bought a new stake in shares of BlackRock Science and Technology Term Trust during the 1st quarter worth about $57,000. Kestra Advisory Services LLC bought a new stake in BlackRock Science and Technology Term Trust during the fourth quarter worth approximately $68,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of BlackRock Science and Technology Term Trust by 13.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,638 shares of the company’s stock valued at $138,000 after purchasing an additional 767 shares during the period.

About BlackRock Science and Technology Term Trust

BlackRock Science and Technology Term Trust (NASDAQ: BSTZ) is a closed-end management investment company that provides targeted exposure to companies engaged in the science and technology sectors. Listed on the NASDAQ stock exchange, the trust seeks to deliver total return composed of capital appreciation and monthly distributions over a defined term. It operates as a term trust, with an anticipated liquidation date in August 2028, at which point shareholders will receive proceeds based on the trust’s net asset value.

The trust’s investment strategy is centered on equity and equity-related securities of companies involved in advancing scientific research, technological innovation and related applications.