Utilico Emerging Markets Trust PLC (UEM) to Issue Dividend of GBX 2.33 on December 19th

Utilico Emerging Markets Trust PLC (LON:UEM) announced a dividend on Thursday, November 21st,Upcoming Dividends.Co.Uk reports. Investors 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 dividend yield of 1.12%. The ex-dividend date is Thursday, November 28th. This is an increase from Utilico Emerging Markets Trust’s previous dividend of $2.15. The official announcement can be viewed at this link.

Utilico Emerging Markets Trust Price Performance

UEM opened at GBX 208.20 ($2.61) on Tuesday. Utilico Emerging Markets Trust has a twelve month low of GBX 206 ($2.59) and a twelve month high of GBX 241 ($3.03). The company has a current ratio of 2.59, a quick ratio of 0.41 and a debt-to-equity ratio of 2.29. The firm has a market cap of £391.23 million, a price-to-earnings ratio of 717.24 and a beta of 0.59. The company has a fifty day simple moving average of GBX 213.82 and a 200 day simple moving average of GBX 220.12.

Insiders Place Their Bets

In other news, insider Mark Bridgeman purchased 18,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 8th. The stock was acquired at an average cost of GBX 216 ($2.71) per share, for a total transaction of £39,960 ($50,188.39). 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.