European Assets Trust (EAT) Dividend
Posted: September 28th, 2022, 7:49 pm
https://www.investegate.co.uk/european- ... 00128937A/
October Quarterly Dividend
"European Assets Trust PLC ("the Company") announces that a dividend of 2.2 pence per share will be paid on 31 October 2022 to shareholders on the register on 7 October 2022, having an ex-dividend date of 6 October 2022. "
8.8p cumulative for the year.
Note Bene
"The level of dividend paid each year is determined in accordance with the Company's distribution policy. The Company has stated that, barring unforeseen circumstances, it will pay an annual dividend equivalent to six per cent of its NAV at the end of the preceding year. Should the NAV at 31 December 2022 be lower than the NAV at the 2021 year end then the value of the dividend payable in 2023 would be expected to be proportionately lower."
Estimated NAV (close of trading) = 90.28p . Potential dividend 5.41p for next year. Quite a cut from the 8.2p dividend this year reflecting the drop in NAV (not unexpected with what is happening in Ukraine). The NAV must have been around 133p on 31 Dec 21.
I will be looking to top up at some point in the future, hoping for an end to War in Ukraine and a recovery in Euroland.
October Quarterly Dividend
"European Assets Trust PLC ("the Company") announces that a dividend of 2.2 pence per share will be paid on 31 October 2022 to shareholders on the register on 7 October 2022, having an ex-dividend date of 6 October 2022. "
8.8p cumulative for the year.
Note Bene
"The level of dividend paid each year is determined in accordance with the Company's distribution policy. The Company has stated that, barring unforeseen circumstances, it will pay an annual dividend equivalent to six per cent of its NAV at the end of the preceding year. Should the NAV at 31 December 2022 be lower than the NAV at the 2021 year end then the value of the dividend payable in 2023 would be expected to be proportionately lower."
Estimated NAV (close of trading) = 90.28p . Potential dividend 5.41p for next year. Quite a cut from the 8.2p dividend this year reflecting the drop in NAV (not unexpected with what is happening in Ukraine). The NAV must have been around 133p on 31 Dec 21.
I will be looking to top up at some point in the future, hoping for an end to War in Ukraine and a recovery in Euroland.