Fidelity Emerging Markets (LON:FEML) Shares Down 0.9% – Here’s What Happened

Fidelity Emerging Markets (LON:FEML)’s stock price traded down 0.9% on Thursday . The stock traded as low as GBX 665 ($8.47) and last traded at GBX 671 ($8.55). 34,064 shares were traded during trading, a decline of 80% from the average session volume of 169,954 shares. The stock had previously closed at GBX 677 ($8.62).

Fidelity Emerging Markets Trading Down 0.2 %

The company has a market cap of £610.19 million, a price-to-earnings ratio of 5,152.31 and a beta of 0.64. The business has a fifty day moving average price of GBX 684.37 and a two-hundred day moving average price of GBX 692.83.

Fidelity Emerging Markets Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, December 13th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.20 per share. This is a boost from Fidelity Emerging Markets’s previous dividend of $0.19. This represents a dividend yield of 2.24%. The ex-dividend date of this dividend is Thursday, November 14th. Fidelity Emerging Markets’s dividend payout ratio (DPR) is currently 11,538.46%.

Insider Activity

In other Fidelity Emerging Markets news, insider Mark Little purchased 2,850 shares of the firm’s stock in a transaction on Monday, October 14th. The shares were purchased at an average cost of GBX 701 ($8.93) per share, with a total value of £19,978.50 ($25,447.08). Company insiders own 0.08% of the company’s stock.

Fidelity Emerging Markets Company Profile

Fidelity Emerging Markets Limited is a closed ended equity mutual fund launched by Genesis Asset Managers, LLP. The fund is managed by Genesis Investment Management, LLP. It invests in the public equity markets of emerging countries across the globe. The fund invests in stocks of companies operating across diversified sectors.