Schroders plc (LON:SDR) Declares Dividend Increase – GBX 10 Per Share

Schroders plc (LON:SDR) announced a dividend on Thursday, March 6th, DividendData.Co.Uk reports. Investors of record on Thursday, March 27th will be given a dividend of GBX 10 ($0.13) per share on Thursday, May 8th. This represents a yield of 3.88%. The ex-dividend date is Thursday, March 27th. This is a 53.8% increase from Schroders’s previous dividend of $6.50. The official announcement can be seen at this link.

Schroders Stock Up 1.3 %

Shares of LON SDR opened at GBX 382 ($4.94) on Tuesday. The stock has a 50 day moving average price of GBX 366.16 and a 200 day moving average price of GBX 343.81. The firm has a market capitalization of £5.93 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 1.28 and a beta of 1.17. Schroders has a 52-week low of GBX 298.60 ($3.86) and a 52-week high of GBX 428.80 ($5.54). The company has a debt-to-equity ratio of 12.95, a quick ratio of 4.32 and a current ratio of 4.90.

Schroders (LON:SDR) last released its quarterly earnings data on Friday, March 7th. The company reported GBX 26.40 ($0.34) earnings per share for the quarter. Schroders had a net margin of 12.81% and a return on equity of 8.65%. Sell-side analysts expect that Schroders will post 33.7347131 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Royal Bank of Canada boosted their price objective on shares of Schroders from GBX 395 ($5.10) to GBX 475 ($6.14) and gave the stock an “outperform” rating in a research note on Thursday, March 20th. Deutsche Bank Aktiengesellschaft lifted their target price on Schroders from GBX 375 ($4.85) to GBX 400 ($5.17) and gave the company a “hold” rating in a research note on Friday, March 7th.

Insider Transactions at Schroders

In other Schroders news, insider Richard Oldfield bought 80 shares of Schroders stock in a transaction that occurred on Friday, January 10th. The shares were bought at an average cost of GBX 313 ($4.04) per share, with a total value of £250.40 ($323.56). Insiders own 43.09% of the company’s stock.

Schroders Company Profile

Schroders plc is a publicly owned investment manager. The firm also provides advisory and consultancy services. It provides its services to financial institutions, high net worth clients, large corporate, local authority, charitable entities, individuals, pension plans, government funds, insurance companies, and endowments.