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European Assets Trust PLC announced a second quarterly dividend of 1.38 pence per share, consistent with its policy to pay six per cent of the preceding 31 December net asset value annually in equal quarterly payments. The dividend will be paid on 30 April 2025 to shareholders on the register as of 4 April 2025, with an ex-dividend date of 3 April 2025.
| Date | 27 Mar 2025 |
| Time | 07:00:15 |
| Category | Capital structure |
| ID | 3712C |
To: RNS
From: European Assets Trust PLC
Date: 27 March 2025
LEI: 213800N61H8P3Z4I8726
European Assets Trust PLC ("the Company") announces its second quarterly dividend payment under its policy of paying out annually, in equal quarterly payments, six per cent of the Company's net asset value at its preceding 31 December financial year end.
A dividend of 1.38 pence per share will be paid on 30 April 2025 to shareholders on the register on 4 April 2025, having an ex-dividend date of 3 April 2025.
The full 2025 dividend schedule is set out below.
|
2025 |
Pence per share |
Ex-Dividend Date |
Record Date |
Pay date |
|
Q1 |
1.38 |
16 January 2025 |
17 January 2025 |
31 January 2025 |
|
Q2 |
1.38 |
3 April 2025 |
4 April 2025 |
30 April 2025 |
|
Q3 |
1.38 |
Dividend not yet declared |
31 July 2025 |
|
|
Q4 |
1.38 |
Dividend not yet declared |
31 October 2025 |
|
|
Total |
5.52 = six per cent of the 31 December 2024 year end net asset value |
|||
6.6 per cent share price yield
An annual dividend of 5.52 pence per share represents a yield of 6.6 per cent calculated with reference to the Company's closing share price of 83.50 pence as at 26 March 2025, being the latest practicable date prior to publication of this announcement.
Enquiries:
Scott McEllen
Columbia Threadneedle Investment Business Limited Tel: 0131 573 8300
Alex Collins and Tom Scrivens
Panmure Liberum Limited - Corporate Broker and
Financial Adviser Tel: 020 3100 2000
About European Assets Trust PLC
The Company's Investment Objective is to achieve growth of capital through investment in quoted small and medium sized companies in Europe, excluding the United Kingdom. The Company's benchmark is the MSCI Europe Ex UK SMID Cap Index. The portfolio has a quality growth bias and typically holds 50-70 investments.
The Company has in place a high distribution policy of six per cent of the Company's net asset value at its preceding 31 December financial year end, with dividends paid out of current year revenue profits and the capital gains Distributable Reserve. The Company's portfolio is therefore managed on a total return basis.
The Company has been managed by Columbia Threadneedle Investment Business Limited and its predecessors since its creation in 1972. The Lead Investment Manager is Mine Tezgul, Head of Pan European Small Cap Equities at Columbia Threadneedle Investments. She is assisted by Philip Dicken, Head of European Equities and Head of International Equities at Columbia Threadneedle Investments.
For more information, including the Company's monthly factsheet, visit the website
www. europeanassets.co.uk