Fidelity European Trust (LON:FEV) Releases Quarterly Earnings Results

Fidelity European Trust (LON:FEV - Get Free Report) posted its quarterly earnings results on Thursday. The company reported GBX 10.41 ($0.13) earnings per share for the quarter, Digital Look Earnings reports. Fidelity European Trust had a net margin of 93.84% and a return on equity of 12.65%.

Fidelity European Trust Stock Up 0.9 %

LON FEV traded up GBX 3.50 ($0.05) on Monday, reaching GBX 401 ($5.18). The company had a trading volume of 866,230 shares, compared to its average volume of 866,231. Fidelity European Trust has a 52 week low of GBX 342.50 ($4.43) and a 52 week high of GBX 412.50 ($5.33). The stock's 50 day moving average is GBX 389.55 and its 200-day moving average is GBX 372.57. The stock has a market cap of £1.65 billion, a price-to-earnings ratio of 7.95 and a beta of 0.80.

Fidelity European Trust Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, May 13th. Investors of record on Thursday, March 27th will be paid a dividend of GBX 5.50 ($0.07) per share. The ex-dividend date is Thursday, March 27th. This is a boost from Fidelity European Trust's previous dividend of $3.60. This represents a dividend yield of 1.36%. Fidelity European Trust's payout ratio is 15.86%.

About Fidelity European Trust

Fidelity European Trust PLC aims to be the cornerstone long-term investment of choice for those seeking European exposure across market cycles. The Trust invests predominantly in continental European equities (and their related securities) and up to 20% of gross assets may be invested in companies outside of the continent.