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

The European Equity Fund, Inc. (NYSE:EEA) announced a semi-annual dividend on Thursday, December 19th,Wall Street Journal reports. Investors of record on Monday, December 30th will be given a dividend of 0.141 per share by the financial services provider on Friday, January 31st. This represents a yield of 2.1%. The ex-dividend date of this dividend is Monday, December 30th. This is an increase from The European Equity Fund’s previous semi-annual dividend of $0.04.

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

The European Equity Fund Price Performance

The European Equity Fund stock remained flat at $8.52 during mid-day trading on Thursday. 5,684 shares of the company’s stock traded hands, compared to its average volume of 9,167. The European Equity Fund has a 1-year low of $8.24 and a 1-year high of $9.47. The business has a 50 day moving average of $8.71 and a 200 day moving average of $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.