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

Shares of BlackRock Greater Europe (LON:BRGE) rose 1.3% during mid-day trading on Thursday . The company traded as high as GBX 565 ($6.95) and last traded at GBX 561 ($6.90). 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 ($6.82).

BlackRock Greater Europe Price Performance

The company has a quick ratio of 2.71, a current ratio of 0.16 and a debt-to-equity ratio of 8.38. The business’s 50-day simple moving average is GBX 550.14 and its 200-day simple moving average is GBX 579.31. The stock has a market cap of £554.77 million, a PE ratio of 487.83 and a beta of 1.01.

BlackRock Greater Europe Increases Dividend

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

BlackRock Greater Europe Company Profile

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.