BUI News and Press, BlackRock Utility Infrastructure & Power Opportunities Trust From 10/30/22

Summary BUI is a globally diversified utility focussed CEF that looks appealing to income seeking investors as the economy continues to weaken. BUI paid steady payout and generated strong enough yield, and has been successful in sailing through the pandemic and interest rate hikes...

Summary Utilities and other infrastructure companies have long been favorites of income investors due to their stability and generally high yields. BUI invests in a diversified portfolio of these companies that appears to be reasonably solid. I am not a fan of the fund's empha...

BlackRock Utility&Infrastructure Trust ( NYSE: BUI ) had declared $0.121/share monthly dividend , in line with previous. Payable Oct. 31; for shareholders of record Oct. 14; ex-div Oct. 13. See BUI Dividend Scorecard, Yield Chart, & Dividend Growth. F...

BlackRock Advisors, LLC released today share repurchase activity for certain BlackRock closed-end funds (the “Funds”) during the quarter ended September 30, 2022. The Funds have authorized open market share repurchase programs (the “Repurchase Programs”) purs...

BlackRock Advisors, LLC announced today that the Boards of Directors/Trustees of fifty BlackRock municipal, taxable fixed income, equity, and multi-asset closed-end funds (the “Funds”) have authorized the renewal of open market share repurchase programs (the “Repurc...

Summary Sustainable Power & Infrastructure Split Corp. is a sector-specific investment product with a defensive focus. Its performance is only marginally lower than the SPY (S&P500) since PWI:CA's inception when including distributions, but lags other infrastructure funds,...

BUI has performed well since my last review when I gave it a buy rating. However, it has shown some weakness compared to the broader Utilities index. With inflation remaining high and Fed rate hikes set to continue in September, I believe a more cautious approach is warranted here. ...

Power companies across the U.S. are facing a shortage of transformers heading into peak hurricane season, when the critical gear for delivering electricity is most at risk of destruction, according to a Wall Street Journal report. Utilities say wait times for transformers, u...

In a major setback to President Biden's climate change agenda, the U.S. Supreme Court ruled Thursday that the Environmental Protection Agency does not have the authority to set standards on greenhouse gas emissions for existing power plants under the Clean Air Act. The 6-3 major...

BUI is a non-leveraged fund, which can be more appropriate for investors looking to reduce risks in this volatile market. The fund has exposure to mostly utilities, but industrials and energy also make up a meaningful allocation. The fund has dipped to a shallow discount, which is...