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

Schroder Income Growth (LON:SCF) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 283.69 ($3.66) and traded as high as GBX 297 ($3.83). Schroder Income Growth shares last traded at GBX 291 ($3.75), with a volume of 52,122 shares.

Schroder Income Growth Price Performance

The business’s fifty day simple moving average is GBX 283.69 and its two-hundred day simple moving average is GBX 286.09. The company has a market cap of £206.98 million, a PE ratio of 5.55 and a beta of 0.89.

Schroder Income Growth Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, January 27th. Stockholders of record on Tuesday, December 24th were given a dividend of GBX 3.25 ($0.04) per share. The ex-dividend date was Tuesday, December 24th. This represents a dividend yield of 1.14%. Schroder Income Growth’s dividend payout ratio (DPR) is 26.14%.

Insider Buying and Selling

In other Schroder Income Growth news, insider Fraser McIntyre bought 3,543 shares of Schroder Income Growth stock in a transaction dated Wednesday, December 18th. The stock was acquired at an average cost of GBX 281 ($3.62) per share, for a total transaction of £9,955.83 ($12,832.99). Insiders own 2.62% of the company’s stock.

About Schroder Income Growth

– 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.