BlackRock Innovation and Growth Term Trust
BTXFinancial Services · Stock · monthly payer
Forward Yield
7.33%
Annual Dividend
$0.63
Payout Ratio
244%
5-Yr Growth
—
Ex-Date
Aug 14, 2026
Frequency
Monthly
Summary
As of August 2026, BlackRock Innovation and Growth Term Trust (BTX) yields 7.33% ($0.63 per share annually), with a blended fair-value estimate of $13.64 — +59% upside, so it screens as undervalued. Dividend safety grade: D (49/100). 2 years of dividend growth.
Is BTX a good dividend stock?
MixedBlackRock Innovation and Growth Term Trust (BTX) pays a monthly dividend yielding 7.33% ($0.63/yr), with 2 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2025
- Elevated payout ratio (244%)
- Share price is down over the past 5 years
- Below-average dividend safety score
Key Data
- Dividend Yield
- 7.33%
- Payout Ratio
- 244%
- Annual Dividend
- $0.63
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Aug 14, 2026
- Years of Growth
- 2
- Frequency
- monthly
- Beta
- —
- Market Cap
- $1.0B
- P/E Ratio
- 23.3
- 5-Yr Total Return
- -57%
- 52-Week Range
- $6.13 – $9.44
- Dividend Safety
- D · 49/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
BTX Price — Last 12 Months
Daily close
Price Return
1 Year
+21%
3 Years
+11%
5 Years
-57%
52-Week Range
$6.13 – $9.44
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is BTX worth?
Undervaluedmedium confidenceOur blended fair-value estimate for BlackRock Innovation and Growth Term Trust is $13.64 per share, versus a market price of $8.58. That implies 59% of upside — a margin of safety of about 37%.
Fair Value
$13.64
Current Price
$8.58
Upside
+59%
Margin of Safety
37%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 20.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.3% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $0.37 EPS, $0.63 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
BTX Dividend Safety Score
Risky
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 15, 2026 | — | $0.0530 | regular |
| Jun 15, 2026 | — | $0.0530 | regular |
| May 15, 2026 | — | $0.0530 | regular |
| Apr 15, 2026 | — | $0.0530 | regular |
| Mar 13, 2026 | — | $0.0530 | regular |
| Feb 13, 2026 | — | $0.0530 | regular |
| Jan 20, 2026 | — | $0.0530 | regular |
| Dec 22, 2025 | — | $0.0530 | regular |
| Nov 14, 2025 | — | $0.0530 | regular |
| Oct 15, 2025 | — | $0.0530 | regular |
| Sep 15, 2025 | — | $0.0780 | regular |
| Aug 15, 2025 | — | $0.0790 | regular |
| Jul 17, 2025 | — | $0.0800 | regular |
| Jun 13, 2025 | — | $0.0810 | regular |
Income Calculator
At $0.63 / yr per share
