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
9.00 1.85% 495.00 16:27:08
Open Price Low Price High Price Close Price Previous Close
488.00 485.00 496.00 495.00 486.00
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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

poikka: As far as I recall, mnks already had stakes in both, so I guess that they mean 'added'. I've been up to my eyes in RIO and BRWM for ages, and only sold BHP to reduce risk and to diversify a bit more.
poikka: Wheaton divi up 20% - every little helps.
poikka: Barrick Gold increased their Q3 divi by 12.5% - every little helps.
davebowler: hTTps://
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."
poikka: BRWM has negligible amount in silver (30/6), but can invest up to 10% directly in precious metals.
poikka: keeping in mind, of course, that BRWM does NOT have a progressive dividend policy.
wskill: davebowler BRWM is still a great way to get gold exposure and a decent yield over 5% ok around 30% in gold I have been topping up at these prices .
kenmitch: Here’s Times link:- Plenty of obvious plus points about BRWM in the Tempus article including 5.6% dividend and dividends increasing. Key negatives are Miles Costello (wonder how successful an investor he is?) is confident about worldwide slowdown, concerned about US/China trade war, and also underperforming benchmark, so it doesn’t float his boat. I agree about taking little notice of newspaper share tips and advice. The tips are often based on broker comment and brokers are wrong more often than right. Also note that Daily Mail City Editor is stuck with a large stake in Woodford’s suspended equity income fund and is angry with Hargreaves Lansdown for persuading him and many others to buy it. He also stressed re Woodford’s Patient Investment Trust that critics should note the key word...Patient, seemingly unaware of the many disastrous investments in it. With that limited competence why take any of his and similar often ill informed newspaper journalist advice seriously? As Mail City Editor failings show clearly, they are journalists and NOT investment experts! Ditto often inexperienced tipsters in Investment Magazines like Investors Chronicle. Some are first job after University! Simon Thompson is very good though, and brilliant at finding bargain priced shares. So if following newspaper/magazine advice check out the various writers and their investment record. Obviously BRWM performance WILL be affected by negative US/China trade war news, but the prospects on that are 50/50 with it being in the interest of both sides to come to some sort of compromise in time. Ditto if worldwide slowdown, but again best to see how that pans out than sell BRWM now. I’ve held BRWM since buying ahead of the worst of the falls in 2015, and then averaged down near the extreme low, and am very happy to continue to hold for now. BRWM is a great way to be exposed to the likes of RIO, BHO and other big miners imo.
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