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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Blackrock Com | BRCI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 70.60 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 70.60 | 70.60 |
| Top Posts |
|---|
Posted at 12/3/2019 15:42 by aleman 12 March 2019The Board of BlackRock Commodities Income Investment Trust plc is pleased to announce that the first quarterly interim dividend in respect of the financial year ending 30 November 2019 of 1.00 pence per ordinary share has been declared by the Directors, payable on 18 April 2019 to holders of ordinary shares on the register at the close of business on 22 March 2019 (ex-dividend date is 21 March 2019). The last date for receipt of mandate instructions for those shareholders who wish to join the Dividend Reinvestment Plan is 28 March 2019. Enquiries: K Mayger BlackRock Investment Management (UK) Limited Secretary Telephone: 020 7743 3000 |
Posted at 31/1/2019 17:44 by 8w Timing of tragedy in Brazil not good for a covered divi. Vale have cancelled the dividend. Perversely Vale troubles may benefit other miners held by the Trust. |
Posted at 30/1/2019 13:29 by llef mmm, without options writing, a fully covered divi might be difficult to achieve.At 72p, the yield is 5.55% The on-going charge is 0.5%, so they would have to invest the whole portflio at over 6% to "earn" the yield. Right now, i guess they think there is more chance of portfolio rising than falling, so mgmt happy to use the reserves rather than lose some of the upside potential by writing calls. Think I'm happy with that approach for this year at least. |
Posted at 30/1/2019 12:11 by whilstev Hopefully the yearly income return will mean the divi is fully covered and it will not be necessary to use reserves. |
Posted at 30/1/2019 10:05 by llef whilstev - thanks for the reply and the comment re reserves - it prompted me to look up the final results for info re reservesFrom the extract below, it seems to me that they are going to stop writing call options on the portfolio, and use the reserves to cover any corresponding shortfall in income over the next couple of years. The Company currently employs an option writing strategy to generate revenue returns and to ensure that the Company's dividend is covered by current year income. In 2018, option premium income represented 36% of total income (2017: 51%). The Board has discussed the merits of a more flexible approach, recognising that it may be possible to generate similar, or possibly improved returns for the Company with a lower level of option writing (particularly in rising markets where the returns may be curtailed by writing call options). Given that the Company has revenue reserves and also has the ability to make dividend distributions out of special reserves and capital reserves (totalling GBP39,942,000 at 30 November 2018), the Board does not believe that there is an overriding requirement for the annual dividend target to be covered by current year revenue alone. The portfolio managers therefore focus on investing the portfolio to generate an optimal level of total return without striving to meet an annual income target and the Board is prepared to use revenue reserves and capital and special reserves to meet the dividend target if current year portfolio income alone is insufficient. |
Posted at 11/12/2018 16:05 by aleman BLACKROCK COMMODITIES INCOME INVESTMENT TRUST PLCLEI: 54930040ALEAVPMMDC31 ANNOUNCEMENT OF QUARTERLY INTERIM DIVIDEND 11 December 2018 The Board of BlackRock Commodities Income Investment Trust plc is pleased to announce that the fourth quarterly interim dividend in respect of the financial year ended 30 November 2018 of 1.00 pence per ordinary share has been declared by the Directors, payable on 18 January 2019 to holders of ordinary shares on the register at the close of business on 21 December 2018 (ex-dividend date is 20 December 2018). The last date for receipt of mandate instructions for those shareholders who wish to join the Dividend Reinvestment Plan is 27 December 2018. Enquiries: S Beynsberger BlackRock Investment Management (UK) Limited, Secretary Telephone: 020 7743 2639 |
Posted at 03/9/2018 23:44 by aleman Brent Crude close to a 4 year high. WTI a only few $s off, too. Why doesn't BRCI push on? |
Posted at 14/3/2018 14:02 by speedsgh Dividend Declaration - The Board of BlackRock Commodities Income Investment Trust plc is pleased to announce that the first quarterly interim dividend in respect of the financial year ending 30 November 2018 of 1.00 pence per ordinary share has been declared by the Directors, payable on 20 April 2018 to holders of ordinary shares on the register at the close of business on 23 March 2018 (ex-dividend date is 22 March 2018). |
Posted at 14/2/2018 12:43 by mister md volatile week for BRCI. Recovering nicely though |
Posted at 12/12/2017 11:35 by aleman Dividend DeclarationPRN BlackRock Commodities Income Investment Trust plc LEI - 54930040ALEAVPMMDC31 ANNOUNCEMENT OF QUARTERLY INTERIM DIVIDEND 11 December 2017 The Board of BlackRock Commodities Income Investment Trust plc is pleased to announce that the fourth quarterly interim dividend in respect of the financial year ended 30 November 2017 of 1.00 pence per ordinary share has been declared by the Directors, payable on 19 January 2018 to holders of ordinary shares on the register at the close of business on 22 December 2017 (ex-dividend date is 21 December 2017). The last date for receipt of mandate instructions for those shareholders who wish to join the Dividend Reinvestment Plan is 28 December 2017. Enquiries: S Beynsberger BlackRock Investment Management (UK) Limited, Secretary Telephone: 020 7743 263 |
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