The European Equity Fund, Inc. (EEA) To Go Ex-Dividend on May 26th

The European Equity Fund, Inc. (NYSE:EEA) announced a dividend on Monday, May 11th. Investors of record on Tuesday, May 26th will be given a dividend of 0.2199 per share by the financial services provider on Monday, June 29th. This represents a yield of 410.0%. The ex-dividend date of this dividend is Tuesday, May 26th. This is a 33.3% increase from The European Equity Fund’s previous dividend of $0.17.

The European Equity Fund Stock Performance

NYSE:EEA opened at $10.69 on Friday. The business has a 50 day moving average of $10.36 and a 200 day moving average of $10.60. The European Equity Fund has a 1-year low of $9.62 and a 1-year high of $11.43.

Institutional Trading of The European Equity Fund

A number of hedge funds have recently bought and sold shares of the company. Shaker Financial Services LLC lifted its position in The European Equity Fund by 12.7% in the 4th quarter. Shaker Financial Services LLC now owns 502,117 shares of the financial services provider’s stock worth $5,557,000 after buying an additional 56,564 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its position in The European Equity Fund by 18.5% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 27,146 shares of the financial services provider’s stock worth $280,000 after buying an additional 4,232 shares during the last quarter. Citadel Advisors LLC bought a new stake in The European Equity Fund in the 3rd quarter worth approximately $158,000. Spirepoint Private Client LLC bought a new stake in The European Equity Fund in the fourth quarter valued at approximately $117,000. Finally, Wolverine Asset Management LLC bought a new stake in The European Equity Fund in the fourth quarter valued at approximately $76,000. Institutional investors own 51.94% of the company’s stock.

About The European Equity Fund

The European Equity Fund, Inc (NYSE: EEA) is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in the equity securities of issuers located in European countries. Listed on the New York Stock Exchange, the Fund offers U.S. and international investors access to a diversified portfolio of publicly traded European companies, spanning a variety of industries and market capitalizations.

The Fund’s investment strategy is built on fundamental, bottom-up research and active portfolio management.