BlackRock Income and Growth (LON:BRIG) Trading 0.6% Higher – Here’s Why

BlackRock Income and Growth (LON:BRIG)’s stock price traded up 0.6% during mid-day trading on Tuesday . The stock traded as high as GBX 202 ($2.63) and last traded at GBX 199.20 ($2.59). 1,226 shares were traded during mid-day trading, a decline of 77% from the average session volume of 5,388 shares. The stock had previously closed at GBX 198 ($2.57).

BlackRock Income and Growth Stock Up 0.6 %

The company has a market cap of £40.11 million, a P/E ratio of 5.82 and a beta of 0.61. The firm has a 50 day moving average of GBX 201.72 and a 200-day moving average of GBX 199.38.

BlackRock Income and Growth (LON:BRIG) last posted its earnings results on Tuesday, January 7th. The company reported GBX 7.20 ($0.09) earnings per share for the quarter. BlackRock Income and Growth had a return on equity of 15.61% and a net margin of 90.17%.

BlackRock Income and Growth Increases Dividend

The business also recently announced a dividend, which was paid on Friday, March 14th. Shareholders of record on Thursday, February 6th were issued a dividend of GBX 4.90 ($0.06) per share. The ex-dividend date of this dividend was Thursday, February 6th. This represents a yield of 2.53%. This is a positive change from BlackRock Income and Growth’s previous dividend of $2.70. BlackRock Income and Growth’s dividend payout ratio is currently 23.35%.

BlackRock Income and Growth Company Profile

The Company aims to provide growth in capital and income over the long term through investment in a diversified portfolio of principally UK listed equities.