Baillie Gifford European Growth Trust plc (LON:BGEU) Declares Dividend Increase – GBX 0.60 Per Share

Baillie Gifford European Growth Trust plc (LON:BGEU) announced a dividend on Tuesday, November 26th,Upcoming Dividends.Co.Uk reports. Stockholders of record on Thursday, January 9th will be paid a dividend of GBX 0.60 ($0.01) per share on Friday, February 14th. This represents a dividend yield of 0.71%. The ex-dividend date is Thursday, January 9th. This is a positive change from Baillie Gifford European Growth Trust’s previous dividend of $0.40. The official announcement can be accessed at this link.

Baillie Gifford European Growth Trust Price Performance

BGEU stock opened at GBX 84.80 ($1.07) on Wednesday. Baillie Gifford European Growth Trust has a 52-week low of GBX 83 ($1.04) and a 52-week high of GBX 101.80 ($1.28). The business has a fifty day moving average of GBX 88.05 and a two-hundred day moving average of GBX 92.83. The stock has a market cap of £299.68 million, a price-to-earnings ratio of 1,215.36 and a beta of 1.06. The company has a quick ratio of 4.20, a current ratio of 4.16 and a debt-to-equity ratio of 12.89.

Insider Buying and Selling

In related news, insider Andrew Watkins acquired 10,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was purchased at an average price of GBX 85 ($1.07) per share, with a total value of £8,500 ($10,685.10). Corporate insiders own 6.90% of the company’s stock.

Baillie Gifford European Growth Trust Company Profile

The European Investment Trust plc is a closed ended equity mutual fund launched and managed by Edinburgh Partners AIFM Limited. The fund is co-managed by Edinburgh Partners Limited. It invests in public equity markets of Europe, excluding the United Kingdom. The fund seeks to invest in stocks of companies operating across diversified sectors.