Shares of The European Smaller Companies Trust PLC (LON:ESCT - Get Free Report) were down 2.2% during trading on Thursday . The stock traded as low as GBX 166.10 ($2.15) and last traded at GBX 166.10 ($2.15). Approximately 183,475 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 594,638 shares. The stock had previously closed at GBX 169.80 ($2.20).
The European Smaller Companies Trust Price Performance
The stock has a market capitalization of £653.96 million, a PE ratio of 790.05 and a beta of 1.25. The company has a current ratio of 0.08, a quick ratio of 0.04 and a debt-to-equity ratio of 11.30. The company's 50 day simple moving average is GBX 174.94 and its 200 day simple moving average is GBX 178.95.
The European Smaller Companies Trust Increases Dividend
The company also recently announced a dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, October 31st will be paid a GBX 3.35 ($0.04) dividend. This is a boost from The European Smaller Companies Trust's previous dividend of $1.45. This represents a yield of 1.88%. The ex-dividend date is Thursday, October 31st. The European Smaller Companies Trust's payout ratio is presently 2,380.95%.
About The European Smaller Companies Trust
(
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TR European Growth Trust PLC is a closed-ended equity mutual fund launched and managed by Henderson Investment Funds Limited. It is co-managed by Henderson Global Investors Limited. The fund invests in the public equity markets of Europe. It seeks to invest in stocks of companies operating across diversified sectors.
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