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

Fidelity Emerging Markets (LON:FEML) shares fell 0.9% during mid-day trading on Thursday . The stock traded as low as GBX 665 ($8.44) and last traded at GBX 671 ($8.52). 34,064 shares traded hands during trading, a decline of 80% from the average session volume of 169,954 shares. The stock had previously closed at GBX 677 ($8.59).

Fidelity Emerging Markets Stock Down 0.9 %

The firm’s 50 day simple moving average is GBX 684.56 and its 200-day simple moving average is GBX 692.90. The company has a market capitalization of £611.28 million, a PE ratio of 5,161.54 and a beta of 0.64.

Fidelity Emerging Markets Increases Dividend

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

Insider Activity at Fidelity Emerging Markets

In related news, insider Mark Little purchased 2,850 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The shares were purchased at an average cost of GBX 701 ($8.90) per share, with a total value of £19,978.50 ($25,359.86). 0.08% of the stock is currently owned by corporate insiders.

About Fidelity Emerging Markets

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.