Utilico Emerging Markets Trust PLC (LON:UEM) Increases 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. Stockholders of record on Thursday, November 28th will be given a dividend of GBX 2.33 ($0.03) per share on Thursday, December 19th. This represents a dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, November 28th. This is a boost from Utilico Emerging Markets Trust’s previous dividend of $2.15. The official announcement can be seen at this link.

Utilico Emerging Markets Trust Price Performance

The firm has a market capitalization of £388.97 million, a P/E ratio of 714.17 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. Utilico Emerging Markets Trust has a 52 week low of GBX 206 ($2.58) and a 52 week high of GBX 241 ($3.02). The company has a 50 day moving average of GBX 214.06 and a 200-day moving average of GBX 220.28.

Insider Activity

In related news, insider Mark Bridgeman purchased 2,453 shares of Utilico Emerging Markets Trust stock in a transaction dated Tuesday, October 1st. The shares were bought at an average cost of GBX 220 ($2.76) per share, for a total transaction of £5,396.60 ($6,765.20). Corporate insiders own 1.82% of the company’s stock.

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.