BlackRock Frontiers (LON:BRFI) to Issue Dividend Increase – 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 given a dividend of GBX 8.05 ($0.10) per share on Monday, March 31st. This represents a 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 accessed at this link.

BlackRock Frontiers Price Performance

Shares of LON:BRFI traded down GBX 0.50 ($0.01) during mid-day trading on Thursday, hitting GBX 153 ($1.98). The company had a trading volume of 104,391 shares, compared to its average volume of 317,575. The firm has a fifty day moving average price of GBX 156.41 and a 200 day moving average price of GBX 152. The company has a market capitalization of £363.23 million, a PE ratio of 6.21 and a beta of 0.66. BlackRock Frontiers has a one year low of GBX 137.50 ($1.78) and a one year high of GBX 165.50 ($2.15).

BlackRock Frontiers Company Profile

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.