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BlackRock (NYSE:BLK) Energy Resources Trust (BGR) stock has reached a new 52-week high, trading at $13.86, with an impressive dividend yield of 8.52%. According to InvestingPro data, the fund has maintained dividend payments for 21 consecutive years. This milestone reflects a significant uptrend for the energy-focused investment fund, which has delivered a 19.69% total return over the past year. With a P/E ratio of 6.91 and a market capitalization of $361 million, investors attribute this performance to the rising demand in the energy sector, coupled with strategic fund management that capitalized on market trends. InvestingPro subscribers have access to additional insights and metrics that could help evaluate BGR’s potential. The 52-week high serves as a testament to the fund’s resilience and growth potential in a dynamic economic landscape, supported by its strong financial health score from InvestingPro.
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