BlackRock Income and Growth (LON:BRIG) Shares Down 2% – Time to Sell?

BlackRock Income and Growth (LON:BRIG)’s share price fell 2% on Tuesday . The company traded as low as GBX 200 ($2.53) and last traded at GBX 200 ($2.53). 8,954 shares traded hands during trading, an increase of 37% from the average session volume of 6,524 shares. The stock had previously closed at GBX 204 ($2.59).

BlackRock Income and Growth Trading Down 2.0 %

The business’s 50-day moving average is GBX 201.06 and its two-hundred day moving average is GBX 199.34. The stock has a market capitalization of £40.27 million, a PE ratio of 5.84 and a beta of 0.61.

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

BlackRock Income and Growth Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, March 14th. Shareholders of record on Thursday, February 6th will be given a GBX 4.90 ($0.06) dividend. This is a boost from BlackRock Income and Growth’s previous dividend of $2.70. This represents a yield of 2.53%. The ex-dividend date is Thursday, February 6th. BlackRock Income and Growth’s dividend payout ratio is presently 23.35%.

About BlackRock Income and Growth

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.