BlackRock Science and Technology Trust

BST

Market cap $1.71B

Dividend investing provides a consistent income stream, beneficial for those seeking passive income, while growth stocks may require selling shares to realize gains. Seeking dividend income does not rule out focusing on the growth of the portfolio's nominal value, thanks to many funds that see their NAV grow over time. These securities offer a dual advantage: immediate returns through regular, periodic distributions, and capital appreciation through long-term NAV increase.

NEW YORK--(BUSINESS WIRE)---- $BBN--Today, BlackRock Resources & Commodities Strategy Trust (NYSE: BCX), BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ), BlackRock Energy and Resources Trust (NYSE: BGR), BlackRock Enhanced International Dividend Trust (NYSE: BGY), BlackRock Health Sciences Trust (NYSE: BME), BlackRock Health Sciences Term Trust (NYSE: BMEZ), BlackRock Enhanced Global Dividend Trust (NYSE: BOE), BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE: BUI), Bla.

The Dividend Harvesting Portfolio has reached an all-time high, up 42.3% with a 7.77% forward yield and nearly $3,000 in projected annualized dividend income. I maintain strict risk controls, capping positions at 5% and sectors at 20%, while focusing on high-quality assets regardless of market conditions. Recent additions include the NEOS MLP & Energy Infrastructure High Income ETF (MLPI), targeting midstream energy infrastructure and offering a 14-15% distribution yield.

NEW YORK--(BUSINESS WIRE)---- $BBN--Today, BlackRock Resources & Commodities Strategy Trust (NYSE: BCX), BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ), BlackRock Energy and Resources Trust (NYSE: BGR), BlackRock Enhanced International Dividend Trust (NYSE: BGY), BlackRock Health Sciences Trust (NYSE: BME), BlackRock Health Sciences Term Trust (NYSE: BMEZ), BlackRock Enhanced Global Dividend Trust (NYSE: BOE), BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE: BUI), Bla.

Dividend strategies aim to generate steady streams of passive income over time. At the same time, they should not neglect capital growth, so demonstrating that dividend payouts do not erode their underlying value over the long term. A significant portion of my holdings currently show a positive NAV performance since their launch, which remains for me an equally important goal for the long run.

BlackRock Science and Technology Trust offers high-single-digit yields and rare access to private AI and defense-tech companies at a -7.24% NAV discount. BST combines an actively managed tech portfolio, selective covered call strategy, and private investments in Anthropic, Databricks, and Anduril, enhancing total return potential. BST has delivered over 275% total return since inception, never missed or reduced distributions, and currently trades at a compelling margin of safety.

Closed-end funds can offer relatively unique opportunities by trading at discount/premium levels. We target not only funds at deep discounts but also those that are trading at relatively historically deep discounts. Today, we are looking at two recent opportunities that have popped up, and they also provide monthly distributions that are "boosted" due to their discounts.

NEW YORK--(BUSINESS WIRE)---- $BBN--Today, BlackRock Resources & Commodities Strategy Trust (NYSE: BCX), BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ), BlackRock Energy and Resources Trust (NYSE: BGR), BlackRock Enhanced International Dividend Trust (NYSE: BGY), BlackRock Health Sciences Trust (NYSE: BME), BlackRock Health Sciences Term Trust (NYSE: BMEZ), BlackRock Enhanced Global Dividend Trust (NYSE: BOE), BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE: BUI), Bla.

The BlackRock Science and Technology Trust is rated Hold, given structural drawbacks and underperformance versus benchmarks like SOXX and QQQ. BST's portfolio is heavily weighted to semiconductors (~38%) and private AI ventures (~13%), introducing valuation opacity and long-duration risk. Option writing has ceased, so distributions increasingly rely on return of capital, raising concerns about NAV decay in flat markets.

I highlight five additional CEFs—BIT, BME, BST, BUI, and GLU—that have never cut distributions for at least a decade, offering high-yield, monthly income. BIT yields nearly 12% at a -6.8% discount, but declining earnings coverage and rising ROC signal caution on distribution sustainability. BME, BST, and BUI trade at discounts and have recently increased distributions, with BST delivering an 18% 10-year total return at market price.