The European Smaller Companies Trust (LON:ESCT) Trading Down 2.2% – Here’s What Happened

The European Smaller Companies Trust PLC (LON:ESCT)’s share price fell 2.2% during mid-day trading on Thursday . The company traded as low as GBX 166.10 ($2.15) and last traded at GBX 166.10 ($2.15). 183,475 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 594,638 shares. The stock had previously closed at GBX 169.80 ($2.20).

The European Smaller Companies Trust Stock Down 2.2 %

The company has a quick ratio of 0.04, a current ratio of 0.08 and a debt-to-equity ratio of 11.30. The firm has a market capitalization of £655.15 million, a price-to-earnings ratio of 790.95 and a beta of 1.25. The stock has a 50 day moving average of GBX 175.39 and a 200 day moving average of GBX 179.07.

The European Smaller Companies Trust Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, October 31st will be given a GBX 3.35 ($0.04) dividend. This is a positive change from The European Smaller Companies Trust’s previous dividend of $1.45. The ex-dividend date is Thursday, October 31st. This represents a dividend yield of 1.88%. The European Smaller Companies Trust’s dividend payout ratio (DPR) is presently 2,380.95%.

About The European Smaller Companies Trust

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.