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EAT European Assets Trust Plc

90.40
0.20 (0.22%)
24 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
European Assets Trust Plc EAT London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.20 0.22% 90.40 16:28:55
Open Price Low Price High Price Close Price Previous Close
89.60 89.60 90.40 90.40 90.20
more quote information »
Industry Sector
GENERAL FINANCIAL

European Assets EAT Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
04/01/2024InterimGBP0.0147531/10/202431/10/2024
04/01/2024InterimGBP0.0147531/07/202431/07/2024
04/01/2024InterimGBP0.0147530/04/202430/04/2024
04/01/2024InterimGBP0.0147511/01/202412/01/202431/01/2024
05/01/2023InterimGBP0.014505/10/202306/10/202331/10/2023
05/01/2023InterimGBP0.014506/07/202307/07/202331/07/2023
05/01/2023InterimGBP0.014506/04/202311/04/202328/04/2023
05/01/2023InterimGBP0.014512/01/202313/01/202331/01/2023
06/01/2022InterimGBP0.02206/10/202207/10/202231/10/2022
06/01/2022InterimGBP0.02207/07/202208/07/202229/07/2022
06/01/2022InterimGBP0.02207/04/202208/04/202229/04/2022
06/01/2022InterimGBP0.02213/01/202214/01/202231/01/2022
07/01/2021InterimGBP0.0207/10/202108/10/202129/10/2021
07/01/2021InterimGBP0.0208/07/202109/07/202130/07/2021
07/01/2021InterimGBP0.0208/04/202109/04/202130/04/2021
07/01/2021InterimGBP0.0214/01/202115/01/202129/01/2021
07/01/2020InterimGBP0.0175508/10/202009/10/202030/10/2020
07/01/2020InterimGBP0.0175509/07/202010/07/202031/07/2020
07/01/2020InterimGBP0.0175509/07/202010/07/202031/07/2020
07/01/2020InterimGBP0.0175509/04/202014/04/202030/04/2020
07/01/2020InterimGBP0.0175516/01/202017/01/202031/01/2020
19/03/2019InterimGBP0.01482510/10/201911/10/201931/10/2019
19/03/2019InterimGBP0.01551111/07/201912/07/201931/07/2019

Top Dividend Posts

Top Posts
Posted at 20/5/2024 10:26 by makinbuks
From Citywire

"European Assets (EAT) leaps into second place in our ‘cheap’ list with shares in the poorly performing smaller companies trust falling to a 13% discount after the replacement of fund manager Sam Cosh this month, just behind UK small-cap IPU in the top spot on a wider 16% discount."
Posted at 09/5/2024 18:14 by marktime1231
No we are here for income not growth, EAT is for long term investors not blokes fretting the day to day stuff. When NAV has recovered to 120p on better macro outlook and the share price catches up you won't be complaining. And if your average holding price is 80p or so because you took advantage of the dips there is not a lot to complain about now, given the direction of travel.

The only issues, which may be behind the recent change in manager and which may be connected, are that the portfolio value has not (yet) rebounded as strongly perhaps as other European small and medium cap baskets and the discount is persistent.

But on the plus side NAV has now put on something like 4-5p in a week and has only stretched the discount because we are waiting for the share price to follow suit. Think of it as a buying opportunity,
Posted at 09/5/2024 12:49 by marktime1231
No. The 6% of NAV distribution is wired in to the articles of EAT it is not at the manager's discretion.

The discount is slightly wider because NAV is moving ahead and the share price needs to catch up.
Posted at 09/5/2024 11:56 by rosburg20
Discount to Nav seems to be widening. Is a dividend cut under the new manager being priced in?
Posted at 02/5/2024 21:34 by marktime1231
And a welcome step down in management fees. I sense EAT has lost ground to other European small and mid cap stock pickers so let's hope this is the springboard for better performance and repairing the discount, but actually I was looking for share price weakness to add some before the next dividend round.
Posted at 28/3/2024 11:34 by makinbuks
Good to hear they're thinking about it and taking action. I can't help feeling the dividend strategy is a hinderance to the investment strategy, ie it limits the manager or dominates his and her thinking. Personally I wouldn't object if they wound it back a bit
Posted at 27/3/2024 20:27 by investingdad
It is a shame it is 9 months out from year end and the dividend calculation! However I am hoping that markets led by US continue to go well into the election and into November outcome, then leading into a Santa rally. We might just get a decent dividend and hopefully with it comes an inflow of cash as sentiment continues to move to higher risk and smaller companies. There is a sector wide issue for sure. There is also a huge move to passive investing for retail investors. Trusts are less fashionable and in general under performing with greater fees.
Posted at 03/1/2024 23:02 by marktime1231
Trimming off some capital gains for a 6% distribution is a perfectly reasonable strategy when the asset value is soaring, which it has done in the past and may well do so again. What is the betting we end 2024 with NAV in 110-120p territory?

A bit like investing in SMT when it returned decades of stellar growth but without having to sell off chunks of shares to derive an income. And without having to worry about CGT. You are right though, this income trust model is not for everyone.

In years where capital value contracts, to keep the faith in EAT, you have to imagine the yield is being paid from the notional "reserve" accumulated in previous years when capital value was growing strongly. Sometimes realised in hard cash when a portfolio asset is bought out. At least this way we get continuity of income, and so long as contractions are short to be replaced by steady growth we end up net winners in the long term.

On the one hand regretting not selling some off when the share price hit 140p three years ago, on the other hand pleased to have built up and retained holdings averaging in the low 80s. It still looks blue in my portfolio and the effective yield is 7% even in these tough times. On a rainy day I will add up what income it has paid me over the years.

But, to answer your question, the natural income from EATs portfolio is only around 2-3% or so before management fees. As you would expect when invested in small and medium enterprises looking to grow.
Posted at 03/1/2024 21:03 by aleman
Revenue earnings are around 2.6p per annum so that might be about 3.5p from capital in 2024 - so rather lower than previous years. I think the idea is you might get better growth in the long run if you are exposed to (some non-dividend small cap?) growth shares but still get a healthy dividend by using capital to top up the lower income that growth shares generate. It's a strategy and I see nothing wrong with that if it is clear, which it seems to be. The untilised capital element automatically drops when times are tougher while some other income trusts would pay out from reserves to maintain an uncovered dividend - which is a strategy that is also ok if it is clear. So long as you get what you pay for, you can make your own risk assessments - unlike HFEL, for example, where the dividend scalping and new investment policy don't seem to be clearly expressed by the company or understood by shareholders. It feels like they are making it up as they go along.

When you get older and need income more than growth, there are a few different strategies to enhance income, perhaps at the expense of future growth. I see no problem in holding a mix of investment trusts that are operating slightly different strategies like this, so long as there is clarity. People will have slightly different tax positions so might not all agree 100% about all those strategies. Such is life.
Posted at 03/1/2024 19:59 by essentialinvestor
What % of the dividend is coming from capital, rather than revenue.

I don't see an attraction in an uncovered dividend, unless they are using revenue reserves. I hold EAT as per recent posts, as thought bearish sentiment and NAV discount allowed for a lot.

But celebrating the size of a payout partly deducted from capital is a strange reason for any celebration.

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