Schroder Income Growth (LON:SCF) Stock Passes Below Fifty Day Moving Average – What’s Next?

Schroder Income Growth (LON:SCF)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 287.26 ($3.80) and traded as low as GBX 277.60 ($3.67). Schroder Income Growth shares last traded at GBX 281.61 ($3.73), with a volume of 15,403 shares changing hands.

Schroder Income Growth Trading Down 0.1 %

The firm has a 50-day moving average of GBX 287.26 and a 200 day moving average of GBX 283.94. The stock has a market capitalization of £196.09 million, a price-to-earnings ratio of 5.26 and a beta of 0.89.

Schroder Income Growth Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 3rd will be given a dividend of GBX 3.25 ($0.04) per share. This represents a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, April 3rd. Schroder Income Growth’s dividend payout ratio (DPR) is presently 26.14%.

Insiders Place Their Bets

In other Schroder Income Growth news, insider Ewen Cameron Watt acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, April 8th. The stock was purchased at an average cost of GBX 263 ($3.48) per share, for a total transaction of £13,150 ($17,403.39). Corporate 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.