Schroder Income Growth (LON:SCF) Reaches New 52-Week High - Here's Why

Key Points

• Schroder Income Growth's stock reached a new 52-week high of GBX 323 ($4.34) during trading, reflecting strong investor interest with a trading volume of 129,949 shares.
• The company has consistently increased its dividend for the past 24 years, making it appealing for income-seeking investors.
• The fund is managed by Sue Noffke, who has over 20 years of investment experience and focuses on identifying undervalued companies with potential for strong returns.

Schroder Income Growth (LON:SCF - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The stock traded as high as GBX 323 ($4.34) and last traded at GBX 316 ($4.25), with a volume of 129949 shares traded. The stock had previously closed at GBX 321 ($4.31).

Schroder Income Growth Price Performance

The stock has a market capitalization of £220.04 million, a P/E ratio of 5.90 and a beta of 0.89. The company has a fifty day moving average of GBX 309.29 and a two-hundred day moving average of GBX 294.82.

Schroder Income Growth (LON:SCF - Get Free Report) last announced its quarterly earnings data 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 Company Profile

- 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.

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