BlackRock Income and Growth (LON:BRIG) Trading 1.5% Higher – Time to Buy?

Posted by James Quigley on Jan 30th, 2025

BlackRock Income and Growth (LON:BRIG – Get Free Report) was up 1.5% during trading on Wednesday . The stock traded as high as GBX 208 ($2.59) and last traded at GBX 205 ($2.55). Approximately 8,335 shares changed hands during mid-day trading, an increase of 51% from the average daily volume of 5,526 shares. The stock had previously closed at GBX 202 ($2.51).

BlackRock Income and Growth Trading Up 1.5 %

The firm has a market cap of £40.59 million, a P/E ratio of 2,277.78 and a beta of 0.61. The business’s 50-day moving average is GBX 198.21 and its two-hundred day moving average is GBX 197.91. The company has a current ratio of 0.47, a quick ratio of 0.88 and a debt-to-equity ratio of 9.13.

BlackRock Income and Growth (LON:BRIG – Get Free Report) last issued its earnings results on Tuesday, January 7th. The company reported GBX 7.20 ($0.09) EPS for the quarter. BlackRock Income and Growth had a return on equity of 3.98% and a net margin of 69.33%.

BlackRock Income and Growth Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, March 14th. Shareholders of record on Thursday, February 6th will be paid a GBX 4.90 ($0.06) dividend. This represents a yield of 2.53%. This is a boost from BlackRock Income and Growth’s previous dividend of $2.70. The ex-dividend date of this dividend is Thursday, February 6th. BlackRock Income and Growth’s dividend payout ratio (DPR) is presently 8,888.89%.

BlackRock Income and Growth Company Profile

(Get Free Report)

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.