The European Smaller Companies Trust (LON:ESCT) Stock Price Down 1.2% – What’s Next?

The European Smaller Companies Trust PLC (LON:ESCT)’s stock price was down 1.2% on Friday . The company traded as low as GBX 164.40 ($2.06) and last traded at GBX 164.40 ($2.06). Approximately 672,218 shares traded hands during mid-day trading, a decline of 26% from the average daily volume of 908,419 shares. The stock had previously closed at GBX 166.40 ($2.09).

The European Smaller Companies Trust Trading Down 1.2 %

The company has a debt-to-equity ratio of 11.30, a quick ratio of 0.04 and a current ratio of 0.08. The company has a market capitalization of £648.44 million, a P/E ratio of 782.86 and a beta of 1.25. The company’s fifty day simple moving average is GBX 173.74 and its 200-day simple moving average is GBX 178.99.

The European Smaller Companies Trust Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, October 31st will be paid a dividend of GBX 3.35 ($0.04) per share. The ex-dividend date of this dividend is Thursday, October 31st. This is an increase from The European Smaller Companies Trust’s previous dividend of $1.45. This represents a dividend yield of 1.88%. The European Smaller Companies Trust’s dividend payout ratio (DPR) is currently 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.