Schroder Income Growth (LON:SCF) Shares Pass Below 50 Day Moving Average - Should You Sell?

Schroder Income Growth (LON:SCF - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 286.34 ($3.85) and traded as low as GBX 285 ($3.83). Schroder Income Growth shares last traded at GBX 287.67 ($3.86), with a volume of 125,142 shares trading hands.

Schroder Income Growth Price Performance

The business has a 50 day moving average price of GBX 286.23 and a 200 day moving average price of GBX 283.74. The stock has a market capitalization of £201.24 million, a PE ratio of 5.40 and a beta of 0.89.

Schroder Income Growth Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 3rd will be given a dividend of GBX 3.25 ($0.04) per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a yield of 1.11%. Schroder Income Growth's dividend payout ratio (DPR) is 26.14%.

Insider Transactions at Schroder Income Growth

In other Schroder Income Growth news, insider Ewen Cameron Watt bought 5,000 shares of the stock in a transaction dated Tuesday, April 8th. The stock was bought at an average cost of GBX 263 ($3.53) per share, for a total transaction of £13,150 ($17,667.61). Company insiders own 2.62% of the company's stock.

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.