Schroder Japan Trust (LON:SJG) Shares Cross Above 50 Day Moving Average – Here’s Why

Schroder Japan Trust (LON:SJG) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 249.39 ($3.25) and traded as high as GBX 253 ($3.29). Schroder Japan Trust shares last traded at GBX 250 ($3.25), with a volume of 250,918 shares changing hands.

Schroder Japan Trust Stock Down 1.3 %

The stock has a fifty day moving average of GBX 249.39 and a 200 day moving average of GBX 253.71. The company has a debt-to-equity ratio of 10.85, a current ratio of 0.07 and a quick ratio of 3.60. The firm has a market capitalization of £288.36 million, a P/E ratio of 641.03 and a beta of 0.48.

Schroder Japan Trust Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 13th. Stockholders of record on Thursday, November 7th will be paid a dividend of GBX 10.81 ($0.14) per share. This represents a dividend yield of 4.41%. This is a boost from Schroder Japan Trust’s previous dividend of $5.40. The ex-dividend date of this dividend is Thursday, November 7th. Schroder Japan Trust’s payout ratio is presently 1,282.05%.

About Schroder Japan Trust

Schroder Japan Trust plc formerly known as Schroder Japan Growth Fund plc is an open-ended equity mutual fund launched and managed by Schroder Investment Management Limited. The fund invests in the public equity markets of Japan. It invests in stocks of companies operating across diversified sectors.