Shares of Schroder Income Growth (LON:SCF - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 249 ($3.26) and last traded at GBX 257 ($3.36), with a volume of 257327 shares trading hands. The stock had previously closed at GBX 269 ($3.52).
Schroder Income Growth Stock Performance
The firm's 50-day simple moving average is GBX 287.46 and its 200 day simple moving average is GBX 284.12. The stock has a market capitalization of £193.58 million, a P/E ratio of 5.19 and a beta of 0.89.
Schroder Income Growth Dividend Announcement
The business also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 3rd will be issued a dividend of GBX 3.25 ($0.04) per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a yield of 1.11%. Schroder Income Growth's payout ratio is presently 26.14%.
Insider Buying and Selling at Schroder Income Growth
In other news, insider Ewen Cameron Watt purchased 5,000 shares of the company's stock in a transaction on Tuesday, April 8th. The shares were purchased at an average cost of GBX 263 ($3.44) per share, with a total value of £13,150 ($17,212.04). Corporate insiders own 2.62% of the company's stock.
About Schroder Income Growth
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- Targets outperformance by investing in the shares of companies paying dividends that should grow faster than the rate of inflation.
- Has raised its dividend consistently for the past 24 years, making it an attractive proposition for income-seeking investors.
- Managed by Sue Noffke, who has more than 20 years of investment experience specialising in UK equities.
- Fundamental research is at the heart of the investment process and Sue looks for out of favour companies that have the potential to deliver strong future returns.
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