BlackRock Tchnlgy nd Prvt Eqty Trm Trst Plans -- Dividend of $0.05 (NYSE:BTX)

Key Points

• BlackRock Technology and Private Equity Term Trust (NYSE:BTX) has announced a dividend of $0.0525 per share, scheduled to be paid on October 31st to investors of record on October 15th.
• The dividend yield for this payout is an extraordinary 1,450.0%, reflecting significant returns for shareholders.
• As of Friday, the stock price of BTX decreased by 1.4% to $6.94, with a market cap of $408.25 million and a price-to-earnings ratio of -3.06.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX - Get Free Report) announced a -- dividend on Friday, September 12th, Wall Street Journal reports. Investors of record on Wednesday, October 15th will be given a dividend of 0.0525 per share on Friday, October 31st. This represents a dividend yield of 1,450.0%. The ex-dividend date of this dividend is Wednesday, October 15th.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Stock Down 1.4%

BTX stock traded down $0.10 during midday trading on Friday, reaching $6.94. 1,055,763 shares of the company traded hands, compared to its average volume of 710,829. BlackRock Tchnlgy nd Prvt Eqty Trm Trst has a 52-week low of $5.10 and a 52-week high of $8.31. The stock's 50 day simple moving average is $7.15. The firm has a market cap of $408.25 million, a price-to-earnings ratio of -3.06 and a beta of 4.61.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.