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 paid a dividend of 0.2199 per share by the financial services provider on Monday, June 29th. This represents a dividend 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 Trading Down 0.6%

Shares of NYSE:EEA opened at $10.65 on Wednesday. The firm’s 50 day simple moving average is $10.33 and its 200 day simple moving average is $10.61. The European Equity Fund has a fifty-two week low of $9.60 and a fifty-two week high of $11.43.

Institutional Trading of The European Equity Fund

A number of hedge funds have recently modified their holdings of EEA. Citadel Advisors LLC acquired a new stake in shares of The European Equity Fund in the 3rd quarter valued at approximately $158,000. Spirepoint Private Client LLC acquired a new stake in shares of The European Equity Fund in the 4th quarter valued at approximately $117,000. Shaker Financial Services LLC raised its position in shares of 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 valued at $5,557,000 after acquiring an additional 56,564 shares during the period. Wolverine Asset Management LLC acquired a new stake in shares of The European Equity Fund in the 4th quarter valued at approximately $76,000. Finally, Blue Bell Private Wealth Management LLC raised its position in shares of 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 valued at $280,000 after acquiring an additional 4,232 shares during the period. 51.94% of the stock is currently owned by institutional investors and hedge funds.

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.