The European Equity Fund, Inc. (NYSE:EEA) Raises Dividend to $0.14 Per Share

The European Equity Fund, Inc. (NYSE:EEA) announced a semi-annual dividend on Wednesday, December 18th,Wall Street Journal reports. Shareholders of record on Monday, December 30th will be paid 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 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 payment by an average of 3.8% annually over the last three years.

The European Equity Fund Trading Down 0.7 %

Shares of NYSE EEA opened at $8.29 on Friday. The firm’s 50 day moving average price is $8.62 and its 200-day moving average price is $8.94. The European Equity Fund has a 52-week low of $8.24 and a 52-week high of $9.47.

About The European Equity Fund

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.