Schroder Income Growth (LON:SCF - Get Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as GBX 310 ($4.17) and last traded at GBX 306 ($4.12), with a volume of 74146 shares traded. The stock had previously closed at GBX 306 ($4.12).
Schroder Income Growth Trading Up 1.0%
The company has a market capitalization of £215.16 million, a price-to-earnings ratio of 5.77 and a beta of 0.89. The firm's fifty day simple moving average is GBX 289.30 and its two-hundred day simple moving average is GBX 286.43.
Schroder Income Growth (LON:SCF - Get Free Report) last posted its 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 net margin of 91.20% and a return on equity of 17.23%.
Schroder Income Growth Dividend Announcement
The business also recently disclosed a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 3rd were issued a GBX 3.25 ($0.04) dividend. The ex-dividend date was Thursday, April 3rd. This represents a dividend yield of 1.11%. Schroder Income Growth's dividend payout ratio is currently 26.14%.
Insider Buying and Selling
In other news, insider Ewen Cameron Watt acquired 5,000 shares of the company's stock in a transaction on Tuesday, April 8th. The shares were bought at an average cost of GBX 263 ($3.54) per share, with a total value of £13,150 ($17,698.52). 2.62% of the stock is owned by insiders.
Schroder Income Growth Company Profile
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- 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
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