BlackRock Frontiers (LON:BRFI) Announces Dividend Increase – $0.06 Per Share

BlackRock Frontiers (LON:BRFI) announced a dividend on Thursday, December 5th,Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, January 9th will be given a dividend of $0.06 per share on Friday, February 14th. This represents a yield of 3.14%. The ex-dividend date of this dividend is Thursday, January 9th. This is a boost from BlackRock Frontiers’s previous dividend of $0.04. The official announcement can be seen at this link.

BlackRock Frontiers Stock Performance

LON:BRFI opened at GBX 150.31 ($1.91) on Thursday. The stock has a 50-day simple moving average of GBX 147.38 and a two-hundred day simple moving average of GBX 146.31. BlackRock Frontiers has a 52-week low of GBX 137.50 ($1.75) and a 52-week high of GBX 159.90 ($2.03). The firm has a market capitalization of £284.59 million, a PE ratio of 501.67 and a beta of 0.66.

Insider Activity

In other news, insider Lucy Taylor-Smith bought 20,730 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The shares were bought at an average cost of GBX 144 ($1.83) per share, for a total transaction of £29,851.20 ($37,930.37). Also, insider Hatem Dowidar acquired 250 shares of the firm’s stock in a transaction on Friday, October 11th. The shares were bought at an average price of GBX 147 ($1.87) per share, for a total transaction of £367.50 ($466.96). Insiders have acquired 45,730 shares of company stock worth $6,660,120 over the last ninety days. Corporate insiders own 6.74% of the company’s stock.

BlackRock Frontiers Company Profile

BlackRock Frontiers 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 frontier market countries across the globe. It seeks to invest in stocks of companies operating across diversified sectors.