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Schroder Income Growth (LON:SCF) Hits New 12-Month High - Still a Buy?

Schroder Income Growth logo with Financial Services background

Schroder Income Growth (LON:SCF - Get Free Report)'s stock price hit a new 52-week high on Monday . The company traded as high as GBX 302 ($4.01) and last traded at GBX 302 ($4.01), with a volume of 90124 shares traded. The stock had previously closed at GBX 294 ($3.91).

Schroder Income Growth Trading Up 2.7%

The stock has a market cap of £210.29 million, a price-to-earnings ratio of 5.64 and a beta of 0.89. The stock's 50 day moving average is GBX 286.35 and its two-hundred day moving average is GBX 284.25.

Schroder Income Growth Dividend Announcement

The company also recently announced a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 3rd were paid 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 dividend payout ratio (DPR) is presently 26.14%.

Insider Transactions at Schroder Income Growth

In related news, insider Ewen Cameron Watt purchased 5,000 shares of the business's stock in a transaction dated Tuesday, April 8th. The stock was acquired at an average price of GBX 263 ($3.49) per share, for a total transaction of £13,150 ($17,472.76). Company insiders own 2.62% of the company's stock.

About Schroder Income Growth

(Get Free Report)

- 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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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