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

Shares of BlackRock Income and Growth (LON:BRIG) fell 2% during mid-day trading 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 mid-day 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 has a 50 day moving average of GBX 201.06 and a 200-day moving average of GBX 199.34. The stock has a market cap of £40.27 million, a PE ratio of 5.84 and a beta of 0.61.

BlackRock Income and Growth (LON:BRIG) last issued its quarterly 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 firm also recently declared a dividend, which will be paid on Friday, March 14th. Shareholders of record on Thursday, February 6th will be issued a GBX 4.90 ($0.06) dividend. The ex-dividend date of this dividend is Thursday, February 6th. This is an increase from BlackRock Income and Growth’s previous dividend of $2.70. This represents a yield of 2.53%. BlackRock Income and Growth’s payout ratio is 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.