Scale of Blackrock World Mining Trust dividend cut may surprise investors - analyst

The scale of the dividend cut on the way from Blackrock World Mining Trust (LSE:BRWM) may surprise investors, according to analysts at Stifel, who said the dividend yield will remain relatively high. In its normal course, the mining sector is volatile, the analysts noted, with BRWM's net asset value total return rising over 17% in 2022 before falling 6.2% in 2023. "The dividends paid by mining companies are variable and this impacts the dividend paid by BRWM," wrote analyst Iain Scouller in a note to client ...