BlackRock Frontiers (LON:BRFI) Raises Dividend to GBX 8.05 Per Share

BlackRock Frontiers (LON:BRFI) declared a dividend on Thursday, March 20th, Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, March 27th will be paid a dividend of GBX 8.05 ($0.10) per share on Monday, March 31st. This represents a dividend yield of 4.29%. The ex-dividend date is Thursday, March 27th. This is a 13,316.7% increase from BlackRock Frontiers’s previous dividend of $0.06. The official announcement can be seen at this link.

BlackRock Frontiers Price Performance

Shares of BRFI opened at GBX 149 ($1.92) on Friday. BlackRock Frontiers has a one year low of GBX 137.50 ($1.78) and a one year high of GBX 165.50 ($2.14). The company has a 50-day moving average of GBX 156.22 and a two-hundred day moving average of GBX 152.02. The stock has a market cap of £353.73 million, a price-to-earnings ratio of 6.04 and a beta of 0.66.

About BlackRock Frontiers

The Company’s investment objective is to achieve long term capital growth by investing in companies domiciled or listed in, or exercising the predominant part of their economic activity in, less developed countries. These countries (the “Frontiers Universe”) are any country which is neither part of the MSCI World Index of developed markets nor one of the eight largest countries by market capitalisation in the MSCI Emerging Markets Index as at 1 April 2018: being Brazil, China, India, Korea, Mexico, Russia, South Africa, and Taiwan.