Insider Buying: Scottish Mortgage (LON:SMT) Insider Buys 2,111 Shares of Stock

Scottish Mortgage (LON:SMT) insider Vikram Kumaraswamy bought 2,111 shares of Scottish Mortgage stock in a transaction dated Monday, March 31st. The shares were bought at an average cost of GBX 942 ($12.18) per share, for a total transaction of £19,885.62 ($25,711.95).

Vikram Kumaraswamy also recently made the following trade(s):

• On Friday, March 28th, Vikram Kumaraswamy bought 2,064 shares of Scottish Mortgage stock. The shares were purchased at an average cost of GBX 964 ($12.46) per share, with a total value of £19,896.96 ($25,726.61).

Scottish Mortgage Trading Down 2.7 %

Shares of SMT traded down GBX 25.70 ($0.33) during midday trading on Monday, reaching GBX 943.40 ($12.20). 2,801,753 shares of the stock were exchanged, compared to its average volume of 3,644,843. Scottish Mortgage has a 52 week low of GBX 733.43 ($9.48) and a 52 week high of GBX 1,142.51 ($14.77). The company’s 50 day moving average is GBX 1,037.32 and its two-hundred day moving average is GBX 950.76. The company has a market capitalization of £11.54 billion, a P/E ratio of 9.68 and a beta of 0.75.

Scottish Mortgage Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be paid a GBX 4 ($0.05) dividend. This represents a yield of 2.8%. The ex-dividend date of this dividend is Thursday, March 27th. This is a positive change from Scottish Mortgage’s previous dividend of $1.60. Scottish Mortgage’s payout ratio is 4.10%.

Scottish Mortgage Company Profile

Scottish Mortgage is a portfolio of what we believe are the world’s most exciting growth companies. We believe that a few exceptional companies will make a positive impact on shareholders’ returns and society as a whole. Explore our website and you’ll discover what we mean by investing in progress, how we find and support the companies shaping the future, and how you can be a part of it.