BlackRock Frontiers (LON:BRFI) Raises Dividend to $0.06 Per Share

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

BlackRock Frontiers Stock Down 0.9 %

BRFI stock opened at GBX 161.01 ($2.01) on Tuesday. The company has a market cap of £304.84 million, a price-to-earnings ratio of 536.70 and a beta of 0.66. The business has a fifty day simple moving average of GBX 152.54 and a 200-day simple moving average of GBX 147.82. BlackRock Frontiers has a 52 week low of GBX 137.50 ($1.72) and a 52 week high of GBX 165.50 ($2.07).

Insiders Place Their Bets

In related news, insider Lucy Taylor-Smith acquired 20,730 shares of BlackRock Frontiers stock in a transaction on Monday, October 21st. The shares were bought at an average price of GBX 144 ($1.80) per share, for a total transaction of £29,851.20 ($37,346.68). Also, insider Hatem Dowidar bought 250 shares of the stock in a transaction dated Friday, October 11th. The stock was bought at an average price of GBX 147 ($1.84) per share, with a total value of £367.50 ($459.78). Insiders bought 45,730 shares of company stock worth $6,660,120 over the last three months. 6.74% of the stock is owned by insiders.

About BlackRock Frontiers

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.