9th Aug 2021 14:51
(Correcting the location of the company to UK-based from Netherlands-based)
European Assets Trust PLC - UK-based trust that invests in European quoted small and medium-sized companies - Reports a net asset value total return of 13% in the half-year ended June 30, slightly ahead of the EMIX Smaller European Companies benchmark return of 11%. Sees NAV per share reach 146.19 pence on June 30, up 35% year-on-year from 108.47p and 10% higher than the 132.75p reported at the end of 2020.
Declares first and second interim dividends for the period totalling 4.00p, up 14% from 3.51p a year prior. Announces total dividends of 8.00p to be issued in 2021, also 14% higher than the 7.02p issued in 2020.
Chair Jack Perry says: "The majority of the first half of the year has been characterised by optimism of an economic and social recovery following the widespread vaccination programmes...Though the authorities are clear that they believe any inflationary spike will be transitory, the debate is likely to dominate market commentary into the second half...We are fortunate that our stock research is conducted in a large diverse region of opportunities. It allows us to uncover high quality niche opportunities at attractive prices, and this is what will drive our long-term returns."
Current stock price: 144.00p, up 0.5% on Wednesday
Year-to-date change: up 20%
By Scarlett Butler; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
European Assets Trust