The European Equity Fund, Inc. (NYSE:EEA) Announces Dividend Increase – $0.14 Per Share

The European Equity Fund, Inc. (NYSE:EEA) announced a semi-annual dividend on Wednesday, December 18th,Wall Street Journal reports. Investors of record on Monday, December 30th will be paid a dividend of 0.141 per share by the financial services provider on Friday, January 31st. This represents a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, December 30th. This is a positive change from The European Equity Fund’s previous semi-annual dividend of $0.04.

The European Equity Fund has decreased its dividend payment by an average of 3.8% annually over the last three years.

The European Equity Fund Price Performance

Shares of The European Equity Fund stock remained flat at $8.52 during trading on Thursday. The stock had a trading volume of 5,684 shares, compared to its average volume of 9,167. The European Equity Fund has a 12 month low of $8.24 and a 12 month high of $9.47. The business’s 50 day simple moving average is $8.71 and its two-hundred day simple moving average is $8.97.

The European Equity Fund Company Profile

The European Equity Fund, Inc is a closed ended equity mutual fund launched by Deutsche Investment Management Americas Inc The fund is managed by Deutsche Asset Management International GmbH. It invests in the public equity markets of Europe. The fund seeks to invest in the stocks of companies operating across diversified sectors.