Schroder Income Growth (LON:SCF) Share Price Crosses Below Fifty Day Moving Average - What's Next?

Schroder Income Growth (LON:SCF - Get Free Report) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 287.26 ($3.82) and traded as low as GBX 277.60 ($3.69). Schroder Income Growth shares last traded at GBX 281.61 ($3.74), with a volume of 15,403 shares.

Schroder Income Growth Stock Up 1.3 %

The business's 50-day moving average price is GBX 286.78 and its 200-day moving average price is GBX 283.77. The firm has a market capitalization of £196.36 million, a PE ratio of 5.27 and a beta of 0.89.

Schroder Income Growth Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 3rd will be given a dividend of GBX 3.25 ($0.04) per share. The ex-dividend date is Thursday, April 3rd. This represents a yield of 1.11%. Schroder Income Growth's payout ratio is 26.14%.

Insiders Place Their Bets

In other news, insider Ewen Cameron Watt acquired 5,000 shares of the company's stock in a transaction that occurred on Tuesday, April 8th. The shares were purchased at an average price of GBX 263 ($3.50) per share, for a total transaction of £13,150 ($17,484.38). Insiders own 2.62% of the company's stock.

Schroder Income Growth Company Profile

- 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.