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. Investors of record on Thursday, March 27th will be paid 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 seen at this link.

BlackRock Frontiers Trading Up 0.7 %

Shares of BlackRock Frontiers stock opened at GBX 154 ($2.00) on Friday. The business has a 50-day moving average price of GBX 156.41 and a two-hundred day moving average price of GBX 152. BlackRock Frontiers has a 1-year low of GBX 137.50 ($1.78) and a 1-year high of GBX 165.50 ($2.15). The company has a market cap of £365.60 million, a P/E ratio of 6.25 and a beta of 0.66.

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.