Schroder Income Growth (LON:SCF) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Schroder Income Growth (LON:SCF) shares passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 280.20 ($3.43) and traded as low as GBX 271.90 ($3.33). Schroder Income Growth shares last traded at GBX 273 ($3.34), with a volume of 97,821 shares changing hands.

Schroder Income Growth Stock Performance

The business’s fifty day moving average price is GBX 279.85 and its 200-day moving average price is GBX 286.63. The company has a debt-to-equity ratio of 13.93, a current ratio of 0.12 and a quick ratio of 0.17. The stock has a market capitalization of £191.64 million, a PE ratio of 1,199.57 and a beta of 0.89.

Schroder Income Growth Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, January 27th. Shareholders of record on Tuesday, December 24th will be issued a GBX 3.25 ($0.04) dividend. This represents a yield of 1.14%. The ex-dividend date of this dividend is Tuesday, December 24th. Schroder Income Growth’s payout ratio is 6,086.96%.

Insider Activity

In other Schroder Income Growth news, insider Fraser McIntyre acquired 3,543 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was bought at an average price of GBX 281 ($3.44) per share, with a total value of £9,955.83 ($12,185.84). Company 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.