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Schroder Income Growth (LON:SCF) Trading 0.8% Higher - What's Next?

Schroder Income Growth logo with Financial Services background

Key Points

  • Schroder Income Growth's share price increased by 0.8% on Friday, reaching GBX 321 ($4.31), with trading volume up 29% from the average.
  • The firm reported earnings of GBX 2.84 ($0.04) per share with a return on equity of 17.23% and a net margin of 91.20%.
  • Managed by Sue Noffke, Schroder Income Growth aims to invest in dividend-paying companies expected to outperform inflation, having raised dividends consistently for 24 years.
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Schroder Income Growth (LON:SCF - Get Free Report)'s share price rose 0.8% during trading on Friday . The stock traded as high as GBX 321 ($4.31) and last traded at GBX 321 ($4.31). Approximately 113,449 shares traded hands during mid-day trading, an increase of 29% from the average daily volume of 87,825 shares. The stock had previously closed at GBX 318.50 ($4.28).

Schroder Income Growth Price Performance

The firm has a market cap of £223.52 million, a price-to-earnings ratio of 5.99 and a beta of 0.89. The stock has a 50-day moving average of GBX 309.29 and a 200-day moving average of GBX 294.56.

Schroder Income Growth (LON:SCF - Get Free Report) last issued 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 return on equity of 17.23% and a net margin of 91.20%.

About Schroder Income Growth

(Get Free Report)

- 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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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