FY divi 13p not 18p1 Apr 2017 22:20
Question of the dividend data on this site again
http://www.hl.co.uk/news/articles/blackrock-world-mining-trust-the-recovery-story-of-2016
Kate Marshall | 27 February 2017
BlackRock World Mining Trust - the recovery story of 2016?
Kate Marshall, Investment Analyst, reports on our view of BlackRock World Mining Trust following its recently released annual results for the year to 31 December 2016.
NAV total return of 92.9% compared with 94% for the benchmark
Share price total return of 100.6%
Total annual dividend of 13.0p per share; down from 21.0p in 2015
Mining companies have focused on cutting costs and increasing productivity
Dividends
Last year the trust reported that a combination of lower commodity prices, and the likelihood of a number of companies to cut or cancel dividends, could lead to a decline in the trust’s income.
A final dividend of 9.0p per share has been recommended for the year (to be paid on 12 May 2017 to shareholders on the trust’s register on 17 March 2017). This, together with the interim dividend of 4.00p per share, makes a total of 13.00p per share. This is a reduction from 21.0p per share in 2015.
The managers expect the trust’s income to grow in 2017 as mining companies increase or reinstate dividend payments on the back of improved balance sheets and profitability, although there are no guarantees.
http://www.hl.co.uk/shares/shares-search-results/b/blackrock-world-mining-ordinary-5p/dividends
Full Year dividend is 13p not 18p, giving a yield 3.75 at close of play on 346p.
explained in annual report below
" The Directors are recommending the payment of a final dividend of 9.00p per share for the year ended 31 December 2016 (2015: 14.00p). This, together with the interim dividend of 4.00p per share (2015: 7.00p), makes a total of 13.00p per share (2015: 21.00p). The final payment will be made on 12 May 2017 to shareholders on the Company?s register on 17 March 2017, the ex-dividend date being 16 March 2017.
We mentioned in the half yearly financial report that the Board would be increasing the frequency of dividend payments from twice to four times a year. It is intended that dividends will be announced in February, May, August and November and are expected to be paid no later than May, June, September and December in each relevant year. The Company will declare its first interim dividend in May 2017 to be paid no later than June 2017.
It remains the Boards intention to seek to distribute substantially all of the income available. Income from ordinary dividends is expected to grow in 2017 as mining companies increase or reinstate dividend payments on the back of improved profitability and reduced balance sheet concerns.
The Boards current target is to declare three dividends of at least 3.00p per share in the year to 31 December 2017 and to recommend a final dividend for approval by shareholders at the Annual General Meeting in 2018.