Harris Stayce D., a director at BlackRock (NYSE:BLK) Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI), recently purchased 40 shares of the company's common stock. The transaction, which took place on October 28, 2024, was valued at approximately $940, with each share priced at $23.51. This acquisition brings Harris's total holdings to 40 shares, all owned directly.
InvestingPro Insights
Following the recent insider purchase by director Harris Stayce D., it's worth noting some key financial metrics and insights about BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) from InvestingPro.
BUI currently boasts a substantial dividend yield of 6.18%, which aligns with one of the InvestingPro Tips indicating that the company "pays a significant dividend to shareholders." This high yield could be particularly attractive to income-focused investors in the current market environment.
Another relevant InvestingPro Tip highlights that BUI "has maintained dividend payments for 13 consecutive years," demonstrating a consistent commitment to shareholder returns. This long-term dividend stability may have factored into the director's decision to increase their stake in the company.
The trust's market capitalization stands at $525.48 million, placing it in the small-cap category. Despite its size, BUI has shown impressive price performance, with a 1-year total return of 33.89%, significantly outpacing many broader market indices.
Investors seeking more comprehensive analysis can find additional insights on InvestingPro, which offers 5 more tips for BUI, providing a deeper understanding of the company's financial health and market position.
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