STS Global Income & Growth Trust (LON:STS) Shares Down 0.4% – Should You Sell?

STS Global Income & Growth Trust (LON:STS)’s share price fell 0.4% during trading on Wednesday . The company traded as low as GBX 236 ($3.00) and last traded at GBX 236 ($3.00). 46,523 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 207,732 shares. The stock had previously closed at GBX 237 ($3.01).

STS Global Income & Growth Trust Price Performance

The firm has a market capitalization of £300.90 million, a P/E ratio of 2,145.45 and a beta of 0.42. The business has a 50-day moving average of GBX 231.81 and a 200 day moving average of GBX 224.72. The company has a current ratio of 0.87, a quick ratio of 0.40 and a debt-to-equity ratio of 4.92.

STS Global Income & Growth Trust Increases Dividend

The business also recently declared a dividend, which was paid on Friday, October 25th. Shareholders of record on Thursday, October 3rd were paid a dividend of GBX 1.59 ($0.02) per share. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a yield of 0.7%. This is an increase from STS Global Income & Growth Trust’s previous dividend of $1.53. STS Global Income & Growth Trust’s payout ratio is 6,363.64%.

STS Global Income & Growth Trust Company Profile

Securities Trust of Scotland plc is a closed-ended equity mutual fund launched and managed by Martin Currie Fund Management Limited. It is co-managed by Martin Currie Investment Management Limited. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors.