BlackRock World Mining Trust plc (LON:BRWM) Plans Dividend of GBX 6.50

BlackRock World Mining Trust plc (LON:BRWM) declared a dividend on Tuesday, March 4th, DividendData.Co.Uk reports. Stockholders of record on Thursday, March 20th will be given a dividend of GBX 6.50 ($0.08) per share by the investment trust on Tuesday, May 27th. This represents a dividend yield of 1.29%. The ex-dividend date is Thursday, March 20th. The official announcement can be viewed at this link.

BlackRock World Mining Trust Stock Performance

Shares of LON BRWM traded up GBX 4.18 ($0.05) during midday trading on Tuesday, reaching GBX 500.18 ($6.50). 3,435,687 shares of the company’s stock were exchanged, compared to its average volume of 673,822. BlackRock World Mining Trust has a 52-week low of GBX 463.20 ($6.02) and a 52-week high of GBX 634 ($8.23). The business’s fifty day moving average price is GBX 491.41 and its two-hundred day moving average price is GBX 504.19. The stock has a market capitalization of £957.87 million, a PE ratio of -71.56 and a beta of 1.01.

BlackRock World Mining Trust (LON:BRWM) last posted its quarterly earnings data on Wednesday, March 5th. The investment trust reported GBX 23.09 ($0.30) earnings per share (EPS) for the quarter. BlackRock World Mining Trust had a negative return on equity of 1.19% and a negative net margin of 153.65%.

Insider Buying and Selling

In other news, insider Srinivasan Venkatakrishnan purchased 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average cost of GBX 476 ($6.18) per share, for a total transaction of £9,520 ($12,365.24). Insiders own 2.68% of the company’s stock.

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.