The Central and Eastern Europe Fund, Inc. (NYSE:CEE) Announces Annual Dividend of $0.39

The Central and Eastern Europe Fund, Inc. (NYSE:CEE) declared an annual dividend on Thursday, December 18th. Shareholders of record on Tuesday, December 30th will be paid a dividend of 0.3871 per share by the closed-end fund on Friday, January 30th. This represents a yield of 230.0%. The ex-dividend date of this dividend is Tuesday, December 30th. This is a 9.6% increase from The Central and Eastern Europe Fund’s previous annual dividend of $0.35.

The Central and Eastern Europe Fund Stock Down 1.1%

Shares of CEE stock opened at $16.86 on Friday. The stock has a 50-day simple moving average of $16.02 and a 200 day simple moving average of $15.85. The Central and Eastern Europe Fund has a fifty-two week low of $10.92 and a fifty-two week high of $18.69.

Hedge Funds Weigh In On The Central and Eastern Europe Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Susquehanna International Group LLP purchased a new stake in shares of The Central and Eastern Europe Fund in the third quarter worth approximately $331,000. Bulldog Investors LLP increased its stake in The Central and Eastern Europe Fund by 440.9% in the 3rd quarter. Bulldog Investors LLP now owns 72,345 shares of the closed-end fund’s stock valued at $1,111,000 after buying an additional 58,971 shares during the period. Raymond James Financial Inc. lifted its position in The Central and Eastern Europe Fund by 68.3% in the 3rd quarter. Raymond James Financial Inc. now owns 28,086 shares of the closed-end fund’s stock worth $431,000 after buying an additional 11,397 shares in the last quarter. Osaic Holdings Inc. acquired a new stake in shares of The Central and Eastern Europe Fund during the 2nd quarter valued at $128,000. Finally, Silver Point Capital L.P. boosted its stake in shares of The Central and Eastern Europe Fund by 9.6% during the 2nd quarter. Silver Point Capital L.P. now owns 55,900 shares of the closed-end fund’s stock valued at $868,000 after buying an additional 4,900 shares during the period. 34.41% of the stock is currently owned by hedge funds and other institutional investors.

About The Central and Eastern Europe Fund

The Central and Eastern Europe 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 across Central and Eastern Europe. The fund seeks to invest in stocks of companies operating across diversified sectors.