The Scottish American Investment Company P.L.C. (LON:SAIN - Get Free Report) traded down 1.4% during trading on Thursday . The stock traded as low as GBX 493 ($6.20) and last traded at GBX 495 ($6.22). 497,347 shares traded hands during mid-day trading, an increase of 82% from the average session volume of 273,373 shares. The stock had previously closed at GBX 502 ($6.31).
Scottish American Investment Stock Performance
The stock has a 50 day moving average price of GBX 508.62 and a two-hundred day moving average price of GBX 510.29. The company has a market cap of £884.47 million, a P/E ratio of 992.00 and a beta of 0.65. The company has a quick ratio of 3.87, a current ratio of 4.03 and a debt-to-equity ratio of 9.75.
Scottish American Investment Increases Dividend
The firm also recently announced a dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 14th were given a GBX 3.70 ($0.05) dividend. This represents a dividend yield of 0.73%. The ex-dividend date of this dividend was Thursday, November 14th. This is a boost from Scottish American Investment's previous dividend of $3.55. Scottish American Investment's payout ratio is presently 2,800.00%.
Insiders Place Their Bets
In related news, insider Nicholas Macpherson GCB acquired 5,000 shares of the company's stock in a transaction on Friday, December 20th. The stock was purchased at an average cost of GBX 492 ($6.18) per share, with a total value of £24,600 ($30,916.17). Corporate insiders own 1.07% of the company's stock.
About Scottish American Investment
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The Scottish American Investment Company P.L.C. is a closed-ended equity mutual fund launched and managed by Baillie Gifford & Co Ltd. The fund is co-managed by Baillie Gifford & Co and OLIM Property Limited. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors.
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