Insider Buying: BlackRock Income and Growth (LON:BRIG) Insider Acquires £37,600 in Stock

BlackRock Income and Growth (LON:BRIG) insider Graeme Proudfoot acquired 20,000 shares of the stock in a transaction dated Wednesday, July 17th. The stock was acquired at an average cost of GBX 188 ($2.44) per share, with a total value of £37,600 ($48,761.51).

BlackRock Income and Growth Stock Performance

BlackRock Income and Growth stock opened at GBX 187 ($2.43) on Friday. The company has a debt-to-equity ratio of 9.96, a quick ratio of 0.88 and a current ratio of 0.29. The stock has a market cap of £37.92 million, a PE ratio of 1,870.00 and a beta of 0.61. The stock has a 50-day moving average of GBX 198.89 and a two-hundred day moving average of GBX 188.83. BlackRock Income and Growth has a one year low of GBX 170 ($2.20) and a one year high of GBX 208 ($2.70).

BlackRock Income and Growth Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, July 25th will be given a GBX 2.70 ($0.04) dividend. This represents a dividend yield of 1.37%. The ex-dividend date of this dividend is Thursday, July 25th. BlackRock Income and Growth’s payout ratio is currently 7,000.00%.

BlackRock Income and Growth Company Profile

BlackRock Income and Growth Investment Trust plc is a closed-ended equity mutual fund launched by BlackRock Fund Managers Limited. It is managed by BlackRock Investment Management (UK) Limited. The fund invests in the public equity markets of the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors.