Schroder Income Growth (LON:SCF) Stock Price Crosses Below 50 Day Moving Average - Here's Why

Schroder Income Growth (LON:SCF - Get Free Report)'s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 281.29 ($3.49) and traded as low as GBX 275 ($3.42). Schroder Income Growth shares last traded at GBX 275 ($3.42), with a volume of 86,731 shares trading hands.

Schroder Income Growth Stock Down 1.8 %

The stock has a 50 day moving average price of GBX 281.29 and a 200 day moving average price of GBX 287.33. The company has a debt-to-equity ratio of 13.93, a quick ratio of 0.17 and a current ratio of 0.12. The company has a market capitalization of £191.02 million, a P/E ratio of 1,195.65 and a beta of 0.89.

Schroder Income Growth Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, January 27th. Stockholders of record on Tuesday, December 24th will be given a dividend of GBX 3.25 ($0.04) per share. This represents a dividend yield of 1.14%. The ex-dividend date is Tuesday, December 24th. Schroder Income Growth's dividend payout ratio is currently 6,086.96%.

Insider Activity at Schroder Income Growth

In other news, insider Fraser McIntyre acquired 3,543 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were acquired at an average cost of GBX 281 ($3.49) per share, for a total transaction of £9,955.83 ($12,367.49). 2.62% of the stock is owned by company insiders.

Schroder Income Growth Company Profile

Schroder Income Growth Fund plc is an open ended equity mutual fund launched and managed by Schroder Investment Management Limited. The fund invests in the public equity markets of the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors. The fund benchmarks the performance of its portfolio against the FTSE All Share Total Return Index.