Stayce D. Harris, a director at BlackRock (NYSE:BLK) Science & Technology Trust (NYSE:BST), recently acquired 30 shares of common stock, according to a recent SEC filing. The transaction, which took place on October 28, 2024, involved a purchase at an average price of $36.44 per share, totaling approximately $1,093. This acquisition brings Harris's total direct ownership to 30 shares.
InvestingPro Insights
The recent insider purchase by Stayce D. Harris aligns with BlackRock Science & Technology Trust's (NYSE:BST) attractive dividend profile. According to InvestingPro data, BST boasts a dividend yield of 8.27% for the current year, with the most recent ex-dividend date on October 15, 2024. This high yield is complemented by an InvestingPro Tip highlighting that BST "pays a significant dividend to shareholders" and has "maintained dividend payments for 11 consecutive years," underscoring the trust's commitment to returning value to investors.
Despite the trust's generous dividend policy, it's worth noting that BST currently trades at a P/E ratio of 4.46, which may suggest undervaluation relative to its earnings. However, an InvestingPro Tip indicates that the trust "suffers from weak gross profit margins," which investors should consider when evaluating the sustainability of its dividend payments.
The trust's recent performance has been positive, with a one-year price total return of 32.18% and a year-to-date return of 15.45%. These figures suggest that BST has been delivering value to shareholders through both price appreciation and dividends. For investors seeking more comprehensive analysis, InvestingPro offers 5 additional tips that could provide deeper insights into BST's financial health and market position.
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