Baillie Gifford European Growth Trust plc (LON:BGEU) Declares Dividend Increase – GBX 0.60 Per Share

Baillie Gifford European Growth Trust plc (LON:BGEU) announced a dividend on Tuesday, November 26th,Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, January 9th will be given a dividend of GBX 0.60 ($0.01) per share on Friday, February 14th. This represents a yield of 0.71%. The ex-dividend date of this dividend is Thursday, January 9th. This is a positive change from Baillie Gifford European Growth Trust’s previous dividend of $0.40. The official announcement can be accessed at this link.

Baillie Gifford European Growth Trust Price Performance

BGEU stock opened at GBX 84.70 ($1.07) on Thursday. The business has a fifty day moving average of GBX 87.93 and a two-hundred day moving average of GBX 92.77. The company has a quick ratio of 4.20, a current ratio of 4.16 and a debt-to-equity ratio of 12.89. The stock has a market cap of £299.33 million, a price-to-earnings ratio of 1,208.57 and a beta of 1.06. Baillie Gifford European Growth Trust has a 52-week low of GBX 83 ($1.05) and a 52-week high of GBX 101.80 ($1.29).

Insiders Place Their Bets

In other news, insider Andrew Watkins acquired 10,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was acquired at an average cost of GBX 85 ($1.08) per share, with a total value of £8,500 ($10,775.86). 6.90% of the stock is owned by insiders.

About Baillie Gifford European Growth Trust

The European Investment Trust plc is a closed ended equity mutual fund launched and managed by Edinburgh Partners AIFM Limited. The fund is co-managed by Edinburgh Partners Limited. It invests in public equity markets of Europe, excluding the United Kingdom. The fund seeks to invest in stocks of companies operating across diversified sectors.