Fidelity European Trust (LON:FEV) Shares Cross Above 50-Day Moving Average of $379.60

Fidelity European Trust PLC (LON:FEV) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 379.60 ($4.73) and traded as high as GBX 386.50 ($4.81). Fidelity European Trust shares last traded at GBX 381 ($4.74), with a volume of 657,894 shares changing hands.

Fidelity European Trust Stock Up 0.2 %

The stock has a market cap of £1.56 billion, a price-to-earnings ratio of 661.21 and a beta of 0.80. The stock’s fifty day moving average is GBX 379.60 and its 200-day moving average is GBX 354.61.

Fidelity European Trust Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, May 14th. Investors of record on Thursday, March 28th will be issued a dividend of GBX 4.99 ($0.06) per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a yield of 1.3%. This is a boost from Fidelity European Trust’s previous dividend of $3.26. Fidelity European Trust’s payout ratio is currently 1,379.31%.

Fidelity European Trust Company Profile

Fidelity European Trust PLC is an open-ended equity fund launched and managed by FIL Investment Services (UK) Limited. It is co-managed by FIL Investments International Limited. The fund invests in the public equity markets of Continental Europe. It makes its investments in stocks of companies operating across diversified sectors.