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

First Trust Dynamic Europe Equity Income Fund said on May 22, 2023 that its board of directors declared a regular monthly dividend of $0.07 per share ($0.84 annualized). Previously, the company paid $0.07 per share.

Shares must be purchased before the ex-div date of June 1, 2023 to be eligible for the dividend. Shareholders of record as of June 2, 2023 will receive payment on June 15, 2023.

At the current share price of $12.94/share, the dividend yield of the stock is 6.49%.

Looking back five years and taking a sample each week, the average dividend yield was 6.92%, the low 5.56% and the high 10.83%. The standard deviation of returns is 0.96 (n=201).

The current dividend yield is 0.44 standard deviations below the historical average.

The company has not increased its dividend in the past three years.

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What is fund sentiment?

There are 55 funds or institutions reporting positions in First Trust Dynamic Europe Equity Income Fund. This is an increase of 1 owner(s) or 1.85% over the last quarter. Average portfolio weight of all funds dedicated to the FDEU is 0.28%, an increase of 91.94%. The total number of shares held by institutions has increased over the past three months by 4.83% to 11,912,000 shares.

What are the other shareholders doing?

Allspring Global Investments Holdings owns 4,431,000 shares. In its previous filing, the company stated that it holds 4,634,000 shares, representing a decrease of 4.57%. The company increase its portfolio allocation in FDEU of 4.80% over the last quarter.

1607 Capital Partners holds 1,694,000 shares. In its previous filing, the company said it held 1,449,000 shares, representing a raise of 14.46%. The company increase its portfolio allocation in FDEU of 35.35% during the last quarter.

Sit Investment Associates owns 1,536,000 shares. In its previous filing, the company said it held 1,402,000 shares, representing a raise of 8.72%. The company increase its portfolio allocation in FDEU of 19.95% over the last quarter.

Bulldog Investors, LLP owns 632,000 shares. In its previous filing, the company said it held 630,000 shares, representing a raise by 0.32%. The company increase its portfolio allocation in FDEU of 21.09% during the last quarter.

Special Opportunities Fund holds 517,000 shares. In its previous filing, the company said it held 507,000 shares, representing a raise of 1.93%. The company increase its portfolio allocation in FDEU of 13.09% over the last quarter.

First Trust Dynamic Europe Equity Income Fund General Information
(This description is provided by the company.)

First Trust Dynamic Europe Equity Income Fund (the “Fund”) is a diversified closed-end investment company. The Fund’s investment objective is to provide a high level of current income with a secondary focus on capital appreciation. Under normal market conditions, the Fund pursues its objective by investing at least 80% of its Managed Assets in a portfolio of equity securities of European companies of any market capitalisation, including but not limited to common shares and preferred securities that pay dividends, custodial securities received and real estate investment trusts (“REITs”). “Assets under Management” means the total value of the assets of the Fund less the sum of the liabilities of the Fund other than the principal amount of borrowings, if any.

This story originally appeared on Fintel.

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