Scottish Mortgage (LON:SMT) Hits New 1-Year High – Here’s Why

Scottish Mortgage (LON:SMT) shares reached a new 52-week high during trading on Monday . The stock traded as high as GBX 953.80 ($12.09) and last traded at GBX 953.60 ($12.08), with a volume of 1628276 shares changing hands. The stock had previously closed at GBX 942.80 ($11.95).

Scottish Mortgage Trading Up 0.3 %

The company has a debt-to-equity ratio of 15.37, a current ratio of 0.16 and a quick ratio of 0.53. The stock has a 50-day moving average price of GBX 879.62 and a two-hundred day moving average price of GBX 870.16. The stock has a market cap of £13.43 billion, a PE ratio of -1,856.62 and a beta of 0.75.

Scottish Mortgage Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, December 13th. Shareholders of record on Thursday, November 21st will be paid a GBX 1.60 ($0.02) dividend. This represents a yield of 0.18%. The ex-dividend date is Thursday, November 21st. Scottish Mortgage’s payout ratio is -769.23%.

About Scottish Mortgage

Scottish Mortgage Investment Trust PLC is a closed-ended equity mutual fund launched and managed by Baillie Gifford & Co Ltd. The fund is co-managed by Baillie Gifford & Co It invests in public equity markets of countries across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors.