European Assets Trust declares dividend

European Assets Trust has declared total dividends of €0.88 per share for 2018 - an increase of 11.6%.

The dividends will be paid in four equal instalments of €0.22 per share on 31 Jan, 30 Apr, 31 Jul and 31 Oct.

The group said the board had amended the payment policy from three equal instalments after taking into account shareholders' views and to bring them in line with the broader listed investment fund sector.

It said a scrip option was available.

The board also confirmed that the company's stated distribution policy that the annual dividend would be equivalent to 6 % of the net asset value per share at the end of the preceding year would be continued.

The company said its net asset value total return per share for the year ended 31 Dec was 22.6% in sterling and 18.0% in euros while its benchmark, the EMIX Smaller European Companies (ex UK) Index, produced a total return of 23.3% in sterling and 18.6% in euros.

At 9:22am: (LON:EAT) European Assets Trust NV share price was +2.5p at 1325p