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BlackRock (NYSE:BLK) Energy Resources Trust (BGR) stock has hit a 52-week low, dropping to $12.1 as the energy sector faces headwinds. With a market capitalization of $312.52 million and an attractive P/E ratio of 6.49, the fund, which focuses on energy and natural resources, reflects broader market trends that have seen significant volatility in the past year. InvestingPro data reveals BGR offers an impressive 8.98% dividend yield. This new low comes as a stark contrast to its performance over the last year. Despite market challenges, BGR has maintained its dividend payments for 21 consecutive years, demonstrating remarkable consistency. Investors are closely monitoring the stock as it navigates through the fluctuating energy prices and shifting investor sentiment in the resources sector. For deeper insights into BGR’s dividend sustainability and additional ProTips, check out InvestingPro.
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