Schroder Income Growth (LON:SCF) Sets New 1-Year High - Still a Buy?

Key Points

• Schroder Income Growth shares reached a new 52-week high at GBX 328 ($4.41) with a trading volume of 69,356 shares.
• The firm has consistently raised its dividend for the past 24 years, making it appealing for income-focused investors.
• Managing director Sue Noffke utilizes fundamental research to target out-of-favor companies with potential for strong future returns.

Shares of Schroder Income Growth (LON:SCF - ) hit a new 52-week high on Wednesday . The stock traded as high as GBX 328 ($4.41) and last traded at GBX 328 ($4.41), with a volume of 69356 shares traded. The stock had previously closed at GBX 325 ($4.37).

Schroder Income Growth Stock Performance

The firm has a market capitalization of £223.05 million, a PE ratio of 572.93 and a beta of 0.89. The company has a fifty day simple moving average of GBX 318.02 and a two-hundred day simple moving average of GBX 304.72.

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.

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