Central and Eastern Europe Fund Inc (CEE) to Issue Dividend Increase – $0.56 Per Share

Central and Eastern Europe Fund Inc (NYSE:CEE) declared an annual dividend on Thursday, December 21st, Wall Street Journal reports. Investors of record on Friday, December 29th will be paid a dividend of 0.5615 per share by the closed-end fund on Friday, January 26th. This represents a dividend yield of 2.27%. The ex-dividend date of this dividend is Thursday, December 28th. This is an increase from Central and Eastern Europe Fund’s previous annual dividend of $0.32.

Central and Eastern Europe Fund has decreased its dividend by an average of 49.5% per year over the last three years.

Shares of Central and Eastern Europe Fund (NYSE:CEE) traded up $0.42 during midday trading on Friday, hitting $26.75. The company had a trading volume of 31,305 shares, compared to its average volume of 14,971. Central and Eastern Europe Fund has a twelve month low of $19.74 and a twelve month high of $26.76.

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Central and Eastern Europe Fund Company Profile

The Central and Eastern Europe Fund, Inc(the fund), formerly The Central Europe, Russia and Turkey Fund, Inc, is a non-diversified, closed-end management investment company. The Fund seeks long-term capital appreciation through investment in equity or equity-linked securities of issuers domiciled in Central Europe, Russia and Turkey.

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