First Trust Dynamic Europe Equity Income Fund Declares Monthly Dividend of $0.07 (NYSE:FDEU)

First Trust Dynamic Europe Equity Income Fund (NYSE:FDEU – Get Rating) declared a monthly dividend on Monday, January 23rd, Zacks reports. Investors of record on Thursday, February 2nd will be given a dividend of 0.07 per share on Wednesday, February 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 6.82%. The ex-dividend date of this dividend is Wednesday, February 1st.

First Trust Dynamic Europe Equity Income Fund has decreased its dividend by an average of 20.5% per year over the last three years and has increased its dividend annually for the last 1 consecutive years.

First Trust Dynamic Europe Equity Income Fund Stock Down 0.8 %

Shares of FDEU stock opened at $12.32 on Wednesday. The stock has a 50-day simple moving average of $11.44 and a 200 day simple moving average of $10.88. First Trust Dynamic Europe Equity Income Fund has a fifty-two week low of $9.27 and a fifty-two week high of $13.84.

Hedge Funds Weigh In On First Trust Dynamic Europe Equity Income Fund

Several hedge funds have recently made changes to their positions in FDEU. Captrust Financial Advisors bought a new stake in shares of First Trust Dynamic Europe Equity Income Fund during the 3rd quarter worth $136,000. Envestnet Asset Management Inc. purchased a new stake in shares of First Trust Dynamic Europe Equity Income Fund during the 3rd quarter worth about $120,000. Wells Fargo & Company MN lifted its holdings in shares of First Trust Dynamic Europe Equity Income Fund by 6.1% during the 2nd quarter. Wells Fargo & Company MN now owns 219,472 shares of the company’s stock valued at $2,443,000 after buying an additional 12,681 shares during the last quarter. Bank of America Corp DE grew its stake in shares of First Trust Dynamic Europe Equity Income Fund by 16.6% in the 1st 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 in the last quarter. Finally, Royal Bank of Canada increased its holdings in First Trust Dynamic Europe Equity Income Fund by 11.9% in the first quarter. Royal Bank of Canada now owns 42,926 shares of the company’s stock worth $542,000 after buying an additional 4,573 shares during the last quarter.

About First Trust Dynamic Europe Equity Income Fund

(Get Rating)

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.