The European Equity Fund, Inc. to Issue Semi-Annual Dividend of $0.73 (NYSE:EEA)

The European Equity Fund, Inc. (NYSE:EEA – Get Rating) declared a Semi-Annual dividend on Friday, May 6th, Zacks reports. Shareholders of record on Monday, May 16th will be paid a dividend of 0.725 per share by the financial services provider on Friday, June 24th. This represents a dividend yield of 2.7%. The ex-dividend date is Friday, May 13th.

The European Equity Fund has raised its dividend payment by an average of 13.0% per year over the last three years.

Shares of EEA traded down $0.31 during mid-day trading on Wednesday, hitting $7.94. The company’s stock had a trading volume of 36,167 shares, compared to its average volume of 15,868. The business has a 50-day moving average of $8.75. The European Equity Fund has a 1-year low of $7.77 and a 1-year high of $12.00.

An institutional investor recently raised its position in The European Equity Fund stock. Bank of America Corp DE raised its stake in The European Equity Fund, Inc. (NYSE:EEA – Get Rating) by 15.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,938 shares of the financial services provider’s stock after acquiring an additional 2,600 shares during the quarter. Bank of America Corp DE owned approximately 0.27% of The European Equity Fund worth $196,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 51.71% of the company’s stock.

The European Equity Fund Company Profile (Get Rating)

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.

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