Shares of Schroder Income Growth (LON:SCF - Get Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 283.69 ($3.67) and traded as high as GBX 297 ($3.84). Schroder Income Growth shares last traded at GBX 291 ($3.76), with a volume of 52,122 shares changing hands.
Schroder Income Growth Price Performance
The company's fifty day moving average price is GBX 284.65 and its 200 day moving average price is GBX 286.12. The company has a market cap of £203.33 million, a PE ratio of 5.45 and a beta of 0.89.
Schroder Income Growth Cuts Dividend
The business also recently disclosed a dividend, which was paid on Monday, January 27th. Investors of record on Tuesday, December 24th were issued a dividend of GBX 3.25 ($0.04) per share. The ex-dividend date was Tuesday, December 24th. This represents a yield of 1.14%. Schroder Income Growth's dividend payout ratio (DPR) is presently 26.14%.
Insider Buying and Selling
In related news, insider Fraser McIntyre acquired 3,543 shares of the firm's stock in a transaction that occurred on Wednesday, December 18th. The stock was acquired at an average price of GBX 281 ($3.63) per share, for a total transaction of £9,955.83 ($12,864.49). 2.62% of the stock is currently owned by corporate insiders.
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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