Blackrock World Mining Dividends - BRWM

Blackrock World Mining Dividends - BRWM

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Blackrock World Mining Trust Plc BRWM London Ordinary Share GB0005774855 ORD 5P
  Price Change Price Change % Stock Price Last Trade
-4.00 -0.66% 598.00 13:49:51
Open Price Low Price High Price Close Price Previous Close
599.00 594.00 601.00 602.00
more quote information »
Industry Sector

Blackrock World Mining BRWM Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

kenmitch: Brucie5 My thinking fwiw is that now is a bit late to be buying in to the Mining sector. There could well be further possibly substantial gains, but the gains have already been huge and the fab big buy opportunity has gone. Even so RIO is well worth considering.Good chance of dividend increase too. The 3 main Investment Trusts CYN, BERI and BRWM have all doubled or more since this time last year. So CYN dividend now 4.3% was 8.6% a year ago. Ditto BRWM just 3.4% now and 7% then and BERI 4.3% now and then 8.5%. BRWM discount has gone but BERI still 6% and CYN (less mainstream) 15%. Hard to choose the best of the 3 but BRWM is a good way in to a bit of RIO and BHP, their two largest holdings. EVRAZ (Stockopedia 98) 597p divi 8.9% is worth a look. But again it’s up 150% in a year 600% over 5 years. Still even after the big gains a big dividend. It’s just gone ex dividend unfortunately. FXPO 353p(Stockopedia 98) Dividend 6.8% excluding frequent specials. Results and perhaps another special, next week. But up 300% since this time last year and multi bagger over 5 years. CAML 256p (Stockopedia 94) Results soon. Dividend 4.74%. Possible increase. But yet again has doubled since this time last year. The gains show why though liking the likes of JAY too it’s best not to lift other gift horses in the mouth while waiting endlessly for progress from early stage Miners and early stage shares in general. For some reason a lot of private investors are addicted to hope shares. This applies to shares like EDEN. Fans have been certain of real progress for around 20 years. They miss a lot of MUCH better investment opportunities while waiting and don’t seem to realise that even FTSE100 shares and also Investment Trusts can, and do, multi bag. And some posters on such shares (not you Brucie!) won’t tolerate a word said against them. Sorry this reply isn’t much use and is off topic, but the few readers of this thread might see something that looks worth checking out, or thinking about.
kenmitch: Brucie5 The dividend is “miserly” for those looking to buy now. It was not miserly before the share price soared. The Investment Trust portfolio on Mike Walters website bought BRWM for just 220p just after the lows of the extreme Mining Bear market. At that price the dividend yield even after the cut for the Final from 10p to 8.3p would still be 8.5%. S So BRWM no longer has the bonus plus of a very big yield. And the big discount to NAV has gone too, along with obvious strong buy opportunities. BRWM explained the reason for the cut. It was far fewer special dividends from their invested Companies. With Mining Sector booming now there’s a very good chance of dividend increases ahead.
poikka: Bit of a lengthy read, but worth the time, imo. Holders of miners have made good profits recently, capital growth and divis, so I wouldn't be surprised at profit taking; I took some here myself not long ago. I'm never really surprised at any sudden changes in outlook, but other than an unexpected slowdown in recovery from covid, I struggle to see why demand should fall by much, if at all. The story about China telling steel mills to shut because of pollution seems to me to be more propaganda than anything; steel still has to be produced. Only thing I'd say is that with BRWM reducing the divi, they've taken away a reason for holding these rather than investing directly in the miners.
brucie5: No dividend shown on Stocko for this, which is odd. Just reviewing their March statement, the total proposed dividend, down 7% on the year, is 20p, which makes it a miserly yield of c. 3.3% doesn't it? Seems fairly low for a booming sector with big cashflows. But I'm not complaining at the value added.
spangle93: Didn't see the results issued at 8pm last night! hTTps:// Contrary to your hopes, the final dividend is lower than last year's The Board is proposing a final dividend payment of 8.30p per share for the year ended 31 December 2020. This, together with the quarterly interim dividends, makes a total of 20.30p per share (2019: 22.00p per share) representing a decrease of 7.7% on payments made in the previous financial year and, as in past years, all dividends are fully covered by income. In accordance with the Board’s stated policy, the total dividends represent substantially all of the year’s available income. Subject to approval at the Annual General Meeting, the final dividend will be paid on 6 May 2021 to shareholders on the Company’s register on 19 March 2021, the ex-dividend date being 18 March 2021.
jong: Anyone know when BRWM are going to announce the next dividend ? Seems later this year than previous years ?
digitaria: BRWM is not all about precious metals. It has greater exposure to diversified mining companies. Its income will lack special dividends from the big miners, assuming those do not pay specials in the near future, but FWIW the expected yields from RIO and BHP remain higher than the yield from BRWM. Regarding valuation, BRWM remains at a small discount to NAV, though in fairness that discount was much larger in the past.
xtrmntr: From this week's IC.Trusts including Golden Prospect Precious Metals (GPM) and BlackRock World Mining Trust (BRWM), have made huge gains amid the gold rally of 2020. Here, there are strong arguments for taking some profits. With a vaccine on the agenda and investors feeling less risk-averse, for some the precious metal and other safe haven assets should lose some of their appeal. As Mr Moore notes, precious metal markets can be "notoriously fickle" – and the huge volume of money sitting in gold exchange traded funds (ETFs) could go elsewhere, hurting prices. However, some would argue that gold remains a good hedge against any return of inflation or future market volatility.Analysts at Stifel used a note issued in early December to make the case for taking profits on BlackRock World Mining Trust . While this was partly on valuation grounds, they also warned that a fall in special dividends received by the trust in the first half of 2020 could prompt its board to cut the dividend. The trust's shares recently traded on a dividend yield of 4.4 per cent.
davebowler: Tipped in the Investors Chronicle today - ...A way of getting some gold exposure but at a significant discount is via BlackRock World Mining Trust (BRWM), which had a 34 per cent allocation to gold stocks and bonds at the end of June. The trust holds the likes of Newmont Mining, Barrick Gold, Wheaton Precious Metals and gold-focused royalty specialist Franco Nevada – all of which have made strong gains this year. Commodities can be notoriously volatile, but the trust's shares traded on a 10.9 per cent discount to net asset value (NAV) on 18 August, with a 5.3 per cent dividend yield. While there is no certainty this dividend will be maintained, so far this year the board has paid its first half-year dividend of 4p a share, in line with last year, and stated its intention to continue this for the next two quarters...
davebowler: Stifel; BlackRock World Mining - NAV benefit from tax reclaim Adjustment: The Trust is pleased to announce a positive adjustment of 31 basis points to the NAV as at 18/08/20 due to the recognition of an expected receipt of tax reclaims for a value of £2,560,568 on foreign income in the Company’s accounts. BlackRock World Mining - interims to 30/06/20; H1 dividend maintained Stifel View: Given the market background, it was good to see the NAVTR actually going up over H1 2020, with this also being well ahead of the reference index. There was quite a sharp fall in the revenue EPS, which was down -23% over H1, reflecting lower dividends receivable. Despite this, the H1 total dividend was 8.0p, which was maintained at the same level as in 2019. The board do not make a forecast for the full year dividend to 31/12/20. However, last year there was 3.8p of revenue that reflected special dividends, whilst this year the income from special dividends has fallen significantly. Last year's total dividend was 22.0p, but the trust does not have a progressive dividend policy, so clearly the dividend paid could be reduced in 2020. However, even if it was cut to 18p, for example, the dividend yield remains a relatively high 4.3% and the shares offer reasonable value on a c.12% discount. We maintain a Positive recommendation. (Analyst: Iain Scouller) Performance: The NAV TR was +3.4% and the share price +3.7%. The Company’s reference index, the MSCI ACWI Metals & Mining 30% Buffer 10/40 Index (MSCI ACWI) returned -0.7%. The Company’s strong relative result compared with most other sectors has been as a result of its exposure to highly cash generative companies such as iron ore producers, as well as to gold miners which have continued to sell production at gradually rising prices. Revenue: Earnings amounted to 8.8p (H1 2019: 11.4p), a decrease of -22.8%. Only four special dividends totalling £330,000 were received in the period under review, whilst six special dividends totalling £10.2 million were received during the corresponding six-month period in 2019. Some of the mining companies in the Company’s portfolio are well-positioned on the dividend front, given their balance sheet strength and free cash flow generation. Dividends: A first quarterly dividend of 4.0p was paid (2019: Xp) was paid second quarterly dividend of 4.0p will be paid on 25/09/20, ex-dividend date 27/08/20. Leverage: At 30/06/20 leverage was 9.8% and maximum leverage during the period was 15.6%...... BlackRock World Mining…continued Outlook: The manager says "Unlike in previous periods of economic disruption, the mining sector has fared much better largely due to the time spent rebuilding the businesses post the 2015 low. With first half results highlighting the strong cash flows and decent yields, there is the prospect that those investors looking for quality equity income investments rotate into the resources sector allowing the consensus underweight positions to reduce. If this happens, the shares are likely to rerate towards historic multiples delivering material upside from current levels. Historic data shows that the largest and most consistent contributor to total shareholder returns in the mining sector comes from dividends. With this in mind, it is the aim of the Company to maximise the opportunities to enhance the yield of the portfolio to allow the Company to deliver a superior total return for its shareholders through the cycle."
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