Fidelity European Trust (LON:FEV) Sets New 52-Week High at $396.00

Fidelity European Trust (LON:FEV)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 396 ($4.97) and last traded at GBX 395.67 ($4.97), with a volume of 293625 shares trading hands. The stock had previously closed at GBX 391.50 ($4.92).

Fidelity European Trust Stock Up 0.6 %

The firm has a market cap of £1.64 billion, a PE ratio of 688.79 and a beta of 0.80. The stock has a 50 day moving average price of GBX 386.93 and a two-hundred day moving average price of GBX 361.20.

Fidelity European Trust Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Thursday, March 28th will be issued a GBX 4.99 ($0.06) dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a dividend yield of 1.3%. This is a boost from Fidelity European Trust’s previous dividend of $3.26. Fidelity European Trust’s dividend payout ratio (DPR) is currently 1,379.31%.

About Fidelity European Trust

Fidelity European Trust PLC is an open-ended equity fund launched and managed by FIL Investment Services (UK) Limited. It is co-managed by FIL Investments International Limited. The fund invests in the public equity markets of Continental Europe. It makes its investments in stocks of companies operating across diversified sectors.