Baillie Gifford European Growth Trust (LON:BGEU) Trading Down 3% – Here’s What Happened

Baillie Gifford European Growth Trust plc (LON:BGEU) shares traded down 3% during mid-day trading on Monday . The stock traded as low as GBX 95.70 ($1.23) and last traded at GBX 95.70 ($1.23). 277,275 shares traded hands during trading, a decline of 51% from the average session volume of 571,138 shares. The stock had previously closed at GBX 98.70 ($1.27).

Baillie Gifford European Growth Trust Price Performance

The firm has a market capitalization of £330.86 million, a PE ratio of 7.25 and a beta of 1.06. The company’s fifty day simple moving average is GBX 93.63 and its 200-day simple moving average is GBX 90.05.

Baillie Gifford European Growth Trust Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 9th were issued a dividend of GBX 0.60 ($0.01) per share. This represents a yield of 0.71%. This is an increase from Baillie Gifford European Growth Trust’s previous dividend of $0.40. The ex-dividend date of this dividend was Thursday, January 9th. Baillie Gifford European Growth Trust’s dividend payout ratio (DPR) is presently 7.58%.

About Baillie Gifford European Growth Trust

The European Investment Trust plc is a closed ended equity mutual fund launched and managed by Edinburgh Partners AIFM Limited. The fund is co-managed by Edinburgh Partners Limited. It invests in public equity markets of Europe, excluding the United Kingdom. The fund seeks to invest in stocks of companies operating across diversified sectors.