BlackRock Utility and Infrastructure (BUI) to Issue Monthly Dividend of $0.12 on August 31st
BlackRock Utility and Infrastructure (NYSE:BUI) declared a monthly dividend on Thursday, August 3rd, Wall Street Journal reports. Investors of record on Tuesday, August 15th will be paid a dividend of 0.121 per share by the real estate investment trust on Thursday, August 31st. This represents a $1.45 annualized dividend and a dividend yield of 6.85%. The ex-dividend date is Friday, August 11th.
BlackRock Utility and Infrastructure (BUI) opened at 21.21 on Friday. BlackRock Utility and Infrastructure has a 12 month low of $17.24 and a 12 month high of $21.43. The company has a 50 day moving average price of $20.83 and a 200 day moving average price of $20.29.
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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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