BlackRock Greater Europe (LON:BRGE) Shares Down 1.1% – What’s Next?

Shares of BlackRock Greater Europe (LON:BRGE) fell 1.1% during trading on Wednesday . The company traded as low as GBX 535 ($6.79) and last traded at GBX 540 ($6.85). 284,559 shares traded hands during mid-day trading, an increase of 98% from the average session volume of 143,608 shares. The stock had previously closed at GBX 546 ($6.93).

BlackRock Greater Europe Price Performance

The company has a market cap of £537.96 million, a price-to-earnings ratio of 474.78 and a beta of 1.01. The company has a current ratio of 0.16, a quick ratio of 2.71 and a debt-to-equity ratio of 8.38. The company has a fifty day moving average price of GBX 565.29 and a two-hundred day moving average price of GBX 594.18.

BlackRock Greater Europe Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, November 21st will be issued a GBX 5.25 ($0.07) dividend. This represents a yield of 0.95%. The ex-dividend date is Thursday, November 21st. This is a positive change from BlackRock Greater Europe’s previous dividend of $1.75. BlackRock Greater Europe’s payout ratio is 608.70%.

Insider Activity

In related news, insider Sapna Shah acquired 4,000 shares of the firm’s stock in a transaction on Monday, September 2nd. The shares were bought at an average cost of GBX 599 ($7.60) per share, with a total value of £23,960 ($30,413.81). Corporate insiders own 3.42% of the company’s stock.

About BlackRock Greater Europe

BlackRock Greater Europe Investment 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 the public equity markets of Europe, excluding the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors.