Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Blackrock Latin American Investment Trust PLC - Latin America-focused investor - Narrows pretax loss to $27.3 million in 2021 from $45.4 million the previous year. Loss on investments also narrows, dropping to $37.0 million from $48.6 million in 2020. Net assets at December 31 fall 17% to $194.8 million from $234.2 million a year before. Per share, NAV drops 23% to 461.19 cents from 552.93 cents. Blackrock Latin American increases its dividend payout for the year by 20% to 27.56 cents from 23.06 cents. Looking forward, the company says higher commodity prices, solid earnings momentum, historically cheap currencies and equity markets - especially in Brazil, it notes - create the potential for attractive returns for the region as a whole.
Current stock price: 431.00 pence, down 2.5% in London on Friday
12-month change: up 16%
Copyright 2022 Alliance News Limited. All Rights Reserved.