BlackRock Greater Europe (LON:BRGE) Trading Down 1.1% – Here’s What Happened

BlackRock Greater Europe (LON:BRGE) dropped 1.1% during trading on Wednesday . The stock traded as low as GBX 535 ($6.78) and last traded at GBX 540 ($6.85). Approximately 284,559 shares traded hands during mid-day trading, an increase of 98% from the average daily volume of 143,608 shares. The stock had previously closed at GBX 546 ($6.92).

BlackRock Greater Europe Trading Down 1.1 %

The company has a debt-to-equity ratio of 8.38, a current ratio of 0.16 and a quick ratio of 2.71. The business’s 50-day simple moving average is GBX 566.25 and its two-hundred day simple moving average is GBX 594.75. The stock has a market capitalization of £534.01 million, a price-to-earnings ratio of 469.57 and a beta of 1.01.

BlackRock Greater Europe Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, November 21st will be given a dividend of GBX 5.25 ($0.07) per share. This represents a yield of 0.95%. This is a boost from BlackRock Greater Europe’s previous dividend of $1.75. The ex-dividend date is Thursday, November 21st. BlackRock Greater Europe’s dividend payout ratio is 608.70%.

Insiders Place Their Bets

In other news, insider Sapna Shah bought 4,000 shares of BlackRock Greater Europe stock in a transaction dated Monday, September 2nd. The shares were acquired at an average cost of GBX 599 ($7.59) per share, with a total value of £23,960 ($30,375.25). 3.42% of the stock is currently owned by insiders.

About BlackRock Greater Europe

BlackRock Greater Europe Investment Trust plc is a closed-ended equity mutual fund launched by BlackRock Fund Managers Limited. It is managed by BlackRock Investment Management (UK) Limited. The fund invests in the public equity markets of Europe, excluding the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors.