BlackRock Science And Technology Trust: Tech Monthly Payer, 12% Dividend Growth (NYSE:BST)

As we’ve often noted in our recent articles, high or even moderate dividend yields are hard to come by in the tech sector. Indeed, the top three performing sectors so far in 2020, tech, consumer discretionary, and communications services, have low dividend yields of .97%, .64%, and 1.09%, respectively.

Income investors are often faced with the challenge of whether to try and trade in and out of stocks in order to reap capital gains vs. holding higher yielding stocks for income. Of course, in a topsy turvy year like 2020, that conundrum is even more challenging.

Some income investors use ETFs, mutual funds or closed-end funds to get a piece of the tech action.

BlackRock Science and Technology Trust (BST) is a CEF which offers you a way to solve the income problem, and still benefit from tech.

It currently yields 4.61%, pays monthly, and uses a covered call strategy

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Pay with your palm? Amazon unveils biometric ID, touting convenience and testing customer trust

The Amazon One palm-scanning biometric ID system will roll out initially as an option for customers when they check in to two Amazon Go convenience stores in Seattle. (Amazon Photo)

Amazon has developed a new biometric ID system that works by scanning the palms of participating customers, planning to ultimately let people make in-store payments, gain access to office buildings, and move quickly through stadium turnstiles by holding out a hand.

The system, called “Amazon One,” comes with numerous safeguards designed to protect user data. Even so, Amazon’s use of biometrics in stores and other commercial settings promises to attract scrutiny at a time of heightened awareness of digital security and privacy, testing the limits of customer trust in the company.

Amazon One is set to debut Tuesday at two Amazon Go convenience stores near the company’s Seattle headquarters, giving customers an alternative to the regular process of checking into

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Trust in science to defeat COVID-19

Science is under attack by the White House. Our war-time president is exploiting the invisibility of the virus to hide it rather than defeat it. He politically weaponized masks – marks of is existence. He rejects testing — proof of its chilling reach. Now, he threatens to override FDA guidance on vaccine safety — promising its false, tainted end. “Warp speed” means Nov. 3. 

But, President TrumpDonald John TrumpNew Biden campaign ad jabs at Trump’s reported 0 income tax payments Ocasio-Cortez: Trump contributed less in taxes ‘than waitresses and undocumented immigrants’ Third judge orders Postal Service to halt delivery cuts MORE is merely monopolizing on another ominous problem. The growing divide between you and me. 

I’m a scientist, and my eyes are your direct channel to forming data-driven beliefs and actions removed from politics. But, I’m failing you with my silence. So, let me begin to bridge the divide.

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‘We need science to be the place of trust’: How politics undermined the vaccine race

With Zachary Brennan, David Lim and Lauraine Genota

— “We need science to be the place of trust.” What happened with the vaccine guidance.

Trump’s importation plan is here with savings TBD.

Science academies sound the alarm on political interference with Covid-19 vaccines.

It’s Friday, welcome back to Prescription Pulse. Happy birthday, Hatch-Waxman Act! H/t Zachary Brennan for the reminder. As always, send pharma tips and news to [email protected] or @owermohle. Loop in David Lim ([email protected] or @davidalim) and Zachary Brennan ([email protected] or @ZacharyBrennan)!

WHAT HAPPENED WITH THE VACCINE GUIDANCE? FDA Commissioner Stephen Hahn spent weeks preparing a proposal to set more stringent standards for emergency authorization

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BlackRock Science And Technology Trust: A Growth And Dividend Magnet (NYSE:BST)

The following immortal Neil deGrasse Tyson quote just about sums up my view on the high-quality BlackRock Science and Technology Trust (BST):

Innovations in science and technology are the engines of the 21st-century economy; if you care about the wealth and health of your nation tomorrow, then you’d better rethink how you allocate taxes to fund science. The federal budget needs to recognize this.”

Even before the impact of the pandemic was known, science and technology stocks were outperforming the broader market. Science and technology will also lead us in the post-COVID-19 age. I’m sure many will agree.

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Source: Twitter (@LeadLagReport)

The sector was doing very well before the pandemic and is expected to do better in its aftermath. So, yeah, I’m very bullish on BST for the long term, both as a dividend play and growth play. BST invests in current leaders and emerging winners in the field

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