This 13% Dividend Could Soar on a Little-Reported Buyback
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
BlackRock's Changes to BIGZ: BlackRock is restructuring its tech-focused closed-end fund, the BlackRock Innovation and Growth Term Trust (BIGZ), in response to activist pressure, including a new management team and a significant share buyback program aimed at improving its performance and market price.
Market Impact of AI Developments: The emergence of China's AI chatbot DeepSeek has created uncertainty in the AI sector, but it is expected to drive American tech companies to enhance their AI offerings, potentially benefiting funds that invest in AI-related stocks, which currently offer attractive dividends.
Analyst Views on BSTZ
About BSTZ
BlackRock Science and Technology Term Trust (the Trust) is a closed-end management investment company. The Trust's investment objective is to provide total return and income through a combination of current income, current gains and long-term capital appreciation. The Trust seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its total assets in equity securities issued by the United States and non-United States science and technology companies in any market capitalization range, selected for their rapid and sustainable growth potential from the development, advancement and use of science and/or technology. The Trust focuses on sectors, such as semiconductors and semiconductor equipment, software, electronic equipment, instruments and components, entertainment, financial services, automobiles, professional services, diversified consumer services, media and others. BlackRock Advisors, LLC is the Trust’s investment adviser.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
