BlackRock World Mining Trust (LON:BRWM) Stock Crosses Above 50-Day Moving Average – What’s Next?

Shares of BlackRock World Mining Trust plc (LON:BRWM) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 491.48 ($6.20) and traded as high as GBX 513 ($6.47). BlackRock World Mining Trust shares last traded at GBX 509 ($6.42), with a volume of 200,107 shares trading hands.

BlackRock World Mining Trust Stock Down 1.0 %

The business’s 50-day moving average price is GBX 491.48 and its 200 day moving average price is GBX 511.20. The company has a market capitalization of £965.19 million, a P/E ratio of -72.10 and a beta of 1.01.

BlackRock World Mining Trust Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, February 27th. Investors of record on Thursday, February 13th will be paid a GBX 12 ($0.15) dividend. This is an increase from BlackRock World Mining Trust’s previous dividend of $5.50. This represents a yield of 3.62%. The ex-dividend date is Thursday, February 13th. BlackRock World Mining Trust’s dividend payout ratio (DPR) is currently -486.41%.

About BlackRock World Mining Trust

The Company aims to provide a diversified investment in mining and metal assets worldwide, actively managed with the objective of maximising total returns. While the policy is to invest principally in quoted securities, the Company’s investment policy includes investing in royalties derived from the production of metals and minerals as well as physical metals.