Schroder Income Growth (LON:SCF) Reaches New 1-Year High - Here's What Happened

Schroder Income Growth (LON:SCF - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The company traded as high as GBX 309 ($4.19) and last traded at GBX 306 ($4.15), with a volume of 137862 shares changing hands. The stock had previously closed at GBX 309 ($4.19).

Schroder Income Growth Stock Performance

The firm has a market capitalization of £212.38 million, a P/E ratio of 5.69 and a beta of 0.89. The firm has a 50 day moving average price of GBX 289.92 and a two-hundred day moving average price of GBX 286.90.

Schroder Income Growth (LON:SCF - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported GBX 2.84 ($0.04) earnings per share for the quarter. Schroder Income Growth had a return on equity of 17.23% and a net margin of 91.20%.

Schroder Income Growth Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 3rd were issued a GBX 3.25 ($0.04) dividend. This represents a dividend yield of 1.11%. The ex-dividend date was Thursday, April 3rd. Schroder Income Growth's payout ratio is 26.14%.

Insider Transactions at Schroder Income Growth

In other Schroder Income Growth news, insider Ewen Cameron Watt bought 5,000 shares of Schroder Income Growth stock in a transaction dated Tuesday, April 8th. The stock was bought at an average price of GBX 263 ($3.56) per share, for a total transaction of £13,150 ($17,820.84). 2.62% of the stock is currently owned by insiders.

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.