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

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) shares hit a new 52-week high during trading on Monday . The company traded as high as GBX 323 ($4.27) and last traded at GBX 316 ($4.17), with a volume of 129949 shares traded. The stock had previously closed at GBX 321 ($4.24).

Schroder Income Growth Stock Down 0.8%

The company has a 50 day moving average of GBX 310.01 and a 200 day moving average of GBX 295.38. The firm has a market cap of £216.90 million, a price-to-earnings ratio of 5.82 and a beta of 0.89.

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) EPS for the quarter. Schroder Income Growth had a return on equity of 17.23% and a net margin of 91.20%.

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.