The Central and Eastern Europe Fund, Inc. (CEE) to Issue Annual Dividend of $0.39 on January 30th

The Central and Eastern Europe Fund, Inc. (NYSE:CEE) announced an annual dividend on Thursday, December 18th. Shareholders of record on Tuesday, December 30th will be paid a dividend of 0.3871 per share by the closed-end fund on Friday, January 30th. This represents a dividend yield of 230.0%. The ex-dividend date of this dividend is Tuesday, December 30th. This is a 9.6% increase from The Central and Eastern Europe Fund’s previous annual dividend of $0.35.

The Central and Eastern Europe Fund Stock Up 0.2%

Shares of CEE stock opened at $16.85 on Friday. The firm’s 50-day moving average is $16.05 and its two-hundred day moving average is $15.87. The Central and Eastern Europe Fund has a 12 month low of $10.92 and a 12 month high of $18.69.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Bulldog Investors LLP raised its holdings in The Central and Eastern Europe Fund by 440.9% in the third quarter. Bulldog Investors LLP now owns 72,345 shares of the closed-end fund’s stock valued at $1,111,000 after acquiring an additional 58,971 shares in the last quarter. Silver Point Capital L.P. increased its position in shares of The Central and Eastern Europe Fund by 9.6% in the 2nd quarter. Silver Point Capital L.P. now owns 55,900 shares of the closed-end fund’s stock valued at $868,000 after purchasing an additional 4,900 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of The Central and Eastern Europe Fund by 68.3% in the 3rd quarter. Raymond James Financial Inc. now owns 28,086 shares of the closed-end fund’s stock valued at $431,000 after purchasing an additional 11,397 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in shares of The Central and Eastern Europe Fund in the 3rd quarter valued at $331,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of The Central and Eastern Europe Fund during the 1st quarter worth $306,000. Institutional investors and hedge funds own 34.41% of the company’s stock.

About The Central and Eastern Europe Fund

The Central and Eastern Europe Fund, Inc (NYSE: CEE) is a closed-end management investment company that seeks to provide shareholders with long-term growth of capital and a high level of current income. Since its initial public offering in 1994, the fund has focused on equity and equity-related securities of companies operating in Central and Eastern Europe. Shares of CEE are traded on the New York Stock Exchange, offering U.S. investors direct exposure to the economic growth and development of this dynamic region.

CEE’s investment strategy combines a macroeconomic top-down framework with rigorous bottom-up security selection.