Utilico Emerging Markets Trust PLC (LON:UEM) Raises Dividend to GBX 2.33 Per Share

Utilico Emerging Markets Trust PLC (LON:UEM) announced a dividend on Thursday, November 21st,Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, November 28th will be paid a dividend of GBX 2.33 ($0.03) per share on Thursday, December 19th. This represents a yield of 1.12%. The ex-dividend date is Thursday, November 28th. This is a positive change from Utilico Emerging Markets Trust’s previous dividend of $2.15. The official announcement can be accessed at this link.

Utilico Emerging Markets Trust Trading Down 0.0 %

LON UEM opened at GBX 207.97 ($2.61) on Wednesday. Utilico Emerging Markets Trust has a one year low of GBX 205 ($2.58) and a one year high of GBX 241 ($3.03). The firm has a 50 day simple moving average of GBX 213.42 and a 200-day simple moving average of GBX 219.77. The firm has a market cap of £390.80 million, a price-to-earnings ratio of 717.14 and a beta of 0.59. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.41 and a current ratio of 2.59.

Insiders Place Their Bets

In related news, insider Mark Bridgeman acquired 18,500 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The stock was acquired at an average price of GBX 216 ($2.72) per share, for a total transaction of £39,960 ($50,232.56). 1.82% of the stock is owned by company insiders.

Utilico Emerging Markets Trust Company Profile

Utilico Emerging Markets Trust PLC is a closed-ended balanced mutual fund launched and managed by ICM Investment Management Limited. The fund is co-managed by ICM Limited. It invests in the public equity and fixed income markets of emerging market countries across the globe. The fund seeks to invest in securities of companies operating in the infrastructure, utility, and related sectors.