BlackRock Health Sciences Term Trust (BMEZ) Declares $0.14 Dividend

BlackRock Health Sciences Term Trust said on June 1, 2023 that its board of directors declared a regular monthly dividend of $0.14 per share ($1.74 annualized). Previously, the company paid $0.14 per share.

Shares must be purchased before the ex-div date of June 14, 2023 to qualify for the dividend. Shareholders of record as of June 15, 2023 will receive the payment on June 30, 2023.

At the current share price of $16.21 / share, the stock's dividend yield is 10.73%.

Looking back five years and taking a sample every week, the average dividend yield has been 8.40%, the lowest has been 5.73%, and the highest has been 12.45%. The standard deviation of yields is 1.95 (n=156).

The current dividend yield is 1.20 standard deviations above the historical average.

The company has not increased its dividend in the last three years.

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What is the Fund Sentiment?

There are 94 funds or institutions reporting positions in BlackRock Health Sciences Term Trust. This is a decrease of 2 owner(s) or 2.08% in the last quarter. Average portfolio weight of all funds dedicated to BMEZ is 0.24%, a decrease of 4.33%. Total shares owned by institutions increased in the last three months by 0.13% to 29,106K shares.

What are Other Shareholders Doing?

Saba Capital Management holds 4,477K shares. In it's prior filing, the firm reported owning 2,468K shares, representing an increase of 44.86%. The firm increased its portfolio allocation in BMEZ by 177.00% over the last quarter.

Bank Of America holds 2,552K shares. In it's prior filing, the firm reported owning 2,530K shares, representing an increase of 0.84%. The firm decreased its portfolio allocation in BMEZ by 74.88% over the last quarter.

UBS Group holds 2,181K shares. In it's prior filing, the firm reported owning 2,126K shares, representing an increase of 2.50%. The firm decreased its portfolio allocation in BMEZ by 13.69% over the last quarter.

Rivernorth Capital Management holds 1,638K shares. In it's prior filing, the firm reported owning 1,568K shares, representing an increase of 4.25%. The firm increased its portfolio allocation in BMEZ by 21.56% over the last quarter.

Invesco holds 1,615K shares. In it's prior filing, the firm reported owning 32K shares, representing an increase of 98.05%. The firm increased its portfolio allocation in BMEZ by 5,178.12% over the last quarter.

BlackRock Health Sciences Trust II Background Information
(This description is provided by the company.)

BlackRock Health Sciences Trust II’s (BMEZ) (the 'Trust') 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 of companies principally engaged in the health sciences group of industries and equity derivatives with exposure to the health sciences group of industries. The Trust utilizes an option writing (selling) strategy in an effort to generate current gains from options premiums and to enhance the Trust’s risk-adjusted returns.

This story originally appeared on Fintel.