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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| European Assets Trust Plc | EAT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.00 | -1.17% | 84.60 | 16:29:57 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 85.20 | 84.40 | 85.60 | 84.60 | 85.60 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 04/01/2024 | Interim | GBP | 0.01475 | 31/10/2024 | 31/10/2024 | |
| 04/01/2024 | Interim | GBP | 0.01475 | 31/07/2024 | 31/07/2024 | |
| 04/01/2024 | Interim | GBP | 0.01475 | 30/04/2024 | 30/04/2024 | |
| 04/01/2024 | Interim | GBP | 0.01475 | 11/01/2024 | 12/01/2024 | 31/01/2024 |
| 05/01/2023 | Interim | GBP | 0.0145 | 05/10/2023 | 06/10/2023 | 31/10/2023 |
| 05/01/2023 | Interim | GBP | 0.0145 | 06/07/2023 | 07/07/2023 | 31/07/2023 |
| 05/01/2023 | Interim | GBP | 0.0145 | 06/04/2023 | 11/04/2023 | 28/04/2023 |
| 05/01/2023 | Interim | GBP | 0.0145 | 12/01/2023 | 13/01/2023 | 31/01/2023 |
| 06/01/2022 | Interim | GBP | 0.022 | 06/10/2022 | 07/10/2022 | 31/10/2022 |
| 06/01/2022 | Interim | GBP | 0.022 | 07/07/2022 | 08/07/2022 | 29/07/2022 |
| 06/01/2022 | Interim | GBP | 0.022 | 07/04/2022 | 08/04/2022 | 29/04/2022 |
| 06/01/2022 | Interim | GBP | 0.022 | 13/01/2022 | 14/01/2022 | 31/01/2022 |
| 07/01/2021 | Interim | GBP | 0.02 | 07/10/2021 | 08/10/2021 | 29/10/2021 |
| 07/01/2021 | Interim | GBP | 0.02 | 08/07/2021 | 09/07/2021 | 30/07/2021 |
| 07/01/2021 | Interim | GBP | 0.02 | 08/04/2021 | 09/04/2021 | 30/04/2021 |
| 07/01/2021 | Interim | GBP | 0.02 | 14/01/2021 | 15/01/2021 | 29/01/2021 |
| 07/01/2020 | Interim | GBP | 0.01755 | 08/10/2020 | 09/10/2020 | 30/10/2020 |
| 07/01/2020 | Interim | GBP | 0.01755 | 09/07/2020 | 10/07/2020 | 31/07/2020 |
| 07/01/2020 | Interim | GBP | 0.01755 | 09/07/2020 | 10/07/2020 | 31/07/2020 |
| 07/01/2020 | Interim | GBP | 0.01755 | 09/04/2020 | 14/04/2020 | 30/04/2020 |
| 07/01/2020 | Interim | GBP | 0.01755 | 16/01/2020 | 17/01/2020 | 31/01/2020 |
| 19/03/2019 | Interim | GBP | 0.014825 | 10/10/2019 | 11/10/2019 | 31/10/2019 |
| 19/03/2019 | Interim | GBP | 0.015511 | 11/07/2019 | 12/07/2019 | 31/07/2019 |
| Top Posts |
|---|
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 14/3/2024 12:56 by marktime1231 The discount widening here means we are due a share price step up, other European investment trusts have tracked up on improving economic outlook. Perhaps with the next divi announcement. Bring on the 90s. |
Posted at 04/1/2024 12:44 by essentialinvestor For income I've plumped for SHRS, HHI and LLPC for 2024.In terms of EAT, the main headwind is macro over the next 12 months or so. As price often troughs while fundamentals continue to worsen, I would hope we have seen 'the low' in late last year. |
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. |
Posted at 03/1/2024 19:55 by investingdad I'll be buying EAT regularly if it is under 90p from here on out. That's a great yield with assets that are priced higher and still some recovery potential though setiment is poor. |
Posted at 03/1/2024 16:53 by aleman Quarterly dividend going to be 1.475p then? Bought at 89p, that would be 6.6% yield. |
Posted at 27/12/2023 09:27 by investingdad EAT is taking a run at last year's end of year share price. Only have three days for this to hold up and make sure that nav stays healthy! Might just get that 98 or 99p nav. I feel it was 96p last year, I could be wrong. However, below 90p is a good price considering. |
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