BlackRock Greater Europe (LON:BRGE) Shares Up 1.3% – Here’s Why

BlackRock Greater Europe (LON:BRGE)’s stock price was up 1.3% during trading on Thursday . The company traded as high as GBX 565 ($6.90) and last traded at GBX 561 ($6.85). Approximately 248,254 shares were traded during mid-day trading, an increase of 64% from the average daily volume of 151,589 shares. The stock had previously closed at GBX 554 ($6.76).

BlackRock Greater Europe Trading Down 0.4 %

The firm has a market cap of £552.80 million, a price-to-earnings ratio of 486.09 and a beta of 1.01. The company has a debt-to-equity ratio of 8.38, a quick ratio of 2.71 and a current ratio of 0.16. The company has a 50 day moving average price of GBX 550.26 and a 200 day moving average price of GBX 578.90.

BlackRock Greater Europe Increases Dividend

The business also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Thursday, November 21st were given a GBX 5.25 ($0.06) dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a yield of 0.95%. This is a boost from BlackRock Greater Europe’s previous dividend of $1.75. BlackRock Greater Europe’s dividend payout ratio is presently 608.70%.

About BlackRock Greater Europe

The Company aims to provide capital growth, primarily through investment in a focused portfolio constructed from a combination of the securities of large, mid and small capitalisation European companies, together with some investment in the developing markets of Europe.