Scottish Mortgage (LON:SMT) Shares Pass Below 50-Day Moving Average - What's Next?

Shares of Scottish Mortgage (LON:SMT - Get Free Report) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 1,019.34 ($13.34) and traded as low as GBX 778.60 ($10.19). Scottish Mortgage shares last traded at GBX 815.20 ($10.67), with a volume of 6,588,822 shares changing hands.

Scottish Mortgage Trading Up 0.5 %

The firm has a market cap of £10.56 billion, a price-to-earnings ratio of 8.86 and a beta of 0.75. The business's 50-day simple moving average is GBX 994.03 and its two-hundred day simple moving average is GBX 954.54.

Scottish Mortgage Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a dividend of GBX 4 ($0.05) per share. This is an increase from Scottish Mortgage's previous dividend of $1.60. This represents a yield of 2.8%. The ex-dividend date was Thursday, March 27th. Scottish Mortgage's dividend payout ratio (DPR) is presently 4.10%.

Insiders Place Their Bets

In other news, insider Vikram Kumaraswamy bought 2,064 shares of the stock in a transaction dated Friday, March 28th. The shares were bought at an average cost of GBX 964 ($12.62) per share, with a total value of £19,896.96 ($26,043.14). 3.25% of the stock is currently owned by corporate insiders.

Scottish Mortgage Company Profile

Scottish Mortgage is a portfolio of what we believe are the world's most exciting growth companies. We believe that a few exceptional companies will make a positive impact on shareholders' returns and society as a whole. Explore our website and you'll discover what we mean by investing in progress, how we find and support the companies shaping the future, and how you can be a part of it.