First Trust Dynamic Europe Equity Income Fund to Issue Monthly Dividend of $0.06 (NYSE:FDEU)

First Trust Dynamic Europe Equity Income Fund (NYSE:FDEUGet Rating) declared a monthly dividend on Tuesday, November 22nd, Wall Street Journal reports. Investors of record on Friday, December 2nd will be paid a dividend of 0.06 per share on Thursday, December 15th. This represents a $0.72 dividend on an annualized basis and a yield of 6.47%. The ex-dividend date of this dividend is Thursday, December 1st.

First Trust Dynamic Europe Equity Income Fund has decreased its dividend payment by an average of 20.9% annually over the last three years.

First Trust Dynamic Europe Equity Income Fund Price Performance

Shares of NYSE:FDEU opened at $11.12 on Wednesday. The company’s 50 day simple moving average is $10.19 and its 200 day simple moving average is $10.89. First Trust Dynamic Europe Equity Income Fund has a 1 year low of $9.27 and a 1 year high of $14.13.

Institutional Trading of First Trust Dynamic Europe Equity Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. City of London Investment Management Co. Ltd. grew its stake in shares of First Trust Dynamic Europe Equity Income Fund by 2.7% during the first quarter. City of London Investment Management Co. Ltd. now owns 1,671,926 shares of the company’s stock worth $21,133,000 after buying an additional 44,530 shares during the last quarter. Bank of America Corp DE lifted its holdings in First Trust Dynamic Europe Equity Income Fund by 16.6% in the first quarter. Bank of America Corp DE now owns 222,012 shares of the company’s stock valued at $2,804,000 after buying an additional 31,607 shares during the period. Wells Fargo & Company MN raised its holdings in shares of First Trust Dynamic Europe Equity Income Fund by 6.1% during the second quarter. Wells Fargo & Company MN now owns 219,472 shares of the company’s stock valued at $2,443,000 after purchasing an additional 12,681 shares during the period. Royal Bank of Canada raised its holdings in shares of First Trust Dynamic Europe Equity Income Fund by 11.9% during the first quarter. Royal Bank of Canada now owns 42,926 shares of the company’s stock valued at $542,000 after purchasing an additional 4,573 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of First Trust Dynamic Europe Equity Income Fund by 44.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 27,051 shares of the company’s stock valued at $342,000 after purchasing an additional 8,380 shares during the period.

About First Trust Dynamic Europe Equity Income Fund

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First Trust Dynamic Europe Equity Income Fund is a close ended equity mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Henderson Global Investors (North America) Inc and Henderson Investment Management Limited. It invests in the public equity markets of Europe. The fund seeks to invest in stocks of companies operating across diversified sectors.

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Dividend History for First Trust Dynamic Europe Equity Income Fund (NYSE:FDEU)

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