BlackRock World Mining Trust plc to Issue Dividend of GBX 5.50 (LON:BRWM)

BlackRock World Mining Trust plc (LON:BRWM) announced a dividend on Thursday, November 14th,Upcoming Dividends.Co.Uk reports. Stockholders of record on Thursday, November 28th will be paid a dividend of GBX 5.50 ($0.07) per share by the investment trust on Friday, December 20th. This represents a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, November 28th. The official announcement can be seen at this link.

BlackRock World Mining Trust Stock Performance

Shares of LON BRWM traded down GBX 3.50 ($0.05) during trading hours on Thursday, hitting GBX 499.50 ($6.43). 580,093 shares of the company’s stock were exchanged, compared to its average volume of 506,531. The company has a debt-to-equity ratio of 12.29, a current ratio of 0.23 and a quick ratio of 0.30. The company’s 50-day moving average price is GBX 520.22 and its 200-day moving average price is GBX 550.90. The stock has a market capitalization of £954.94 million, a price-to-earnings ratio of -7,078.36 and a beta of 1.01. BlackRock World Mining Trust has a 1-year low of GBX 470 ($6.05) and a 1-year high of GBX 634 ($8.16).

Insiders Place Their Bets

In other news, insider Elisabeth Scott bought 2,200 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was bought at an average price of GBX 534 ($6.87) per share, for a total transaction of £11,748 ($15,117.75). Corporate insiders own 2.68% of the company’s stock.

About BlackRock World Mining Trust

BlackRock World Mining Trust plc is a closed-ended equity mutual fund launched by BlackRock Fund Managers Limited. It is managed by BlackRock Investment Management (UK) Limited. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating in the mining and metal sectors.