First Trust Dynamic Europe Equity Income Fund (NYSE:FDEU) Declares $0.06 Monthly Dividend

First Trust Dynamic Europe Equity Income Fund (NYSE:FDEUGet Rating) announced a monthly dividend on Tuesday, May 24th, Wall Street Journal reports. Stockholders of record on Thursday, June 2nd will be given a dividend of 0.06 per share on Wednesday, June 15th. This represents a $0.72 annualized dividend and a dividend yield of 6.02%. The ex-dividend date of this dividend is Wednesday, June 1st.

First Trust Dynamic Europe Equity Income Fund has decreased its dividend payment by an average of 20.9% per year over the last three years.

Shares of FDEU stock traded up $0.06 during trading hours on Tuesday, hitting $11.97. The stock had a trading volume of 6,590 shares, compared to its average volume of 55,977. First Trust Dynamic Europe Equity Income Fund has a twelve month low of $10.92 and a twelve month high of $14.13. The stock’s 50 day moving average is $12.18 and its 200 day moving average is $12.68.

Several hedge funds have recently bought and sold shares of FDEU. Royal Bank of Canada raised its stake in shares of First Trust Dynamic Europe Equity Income Fund by 11.9% during the first quarter. Royal Bank of Canada now owns 42,926 shares of the company’s stock worth $542,000 after purchasing an additional 4,573 shares during the last quarter. Guggenheim Capital LLC purchased a new stake in shares of First Trust Dynamic Europe Equity Income Fund during the first quarter worth approximately $151,000. City of London Investment Management Co. Ltd. raised its stake in shares of First Trust Dynamic Europe Equity Income Fund by 2.7% during the first quarter. City of London Investment Management Co. Ltd. now owns 1,671,926 shares of the company’s stock worth $21,133,000 after purchasing an additional 44,530 shares during the last quarter. Merit Financial Group LLC purchased a new stake in shares of First Trust Dynamic Europe Equity Income Fund during the first quarter worth approximately $177,000. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of First Trust Dynamic Europe Equity Income Fund by 44.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 27,051 shares of the company’s stock worth $342,000 after purchasing an additional 8,380 shares during the last quarter.

First Trust Dynamic Europe Equity Income Fund Company Profile (Get Rating)

First Trust Dynamic Europe Equity Income Fund is a close ended equity mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Henderson Global Investors (North America) Inc and Henderson Investment Management Limited. It invests in the public equity markets of Europe. The fund seeks to invest in stocks of companies operating across diversified sectors.

See Also

Dividend History for First Trust Dynamic Europe Equity Income Fund (NYSE:FDEU)

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