Schroder Income Growth (LON:SCF) Stock Crosses Below 50 Day Moving Average – Here’s What Happened

Schroder Income Growth (LON:SCF) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 289.25 ($3.77) and traded as low as GBX 277 ($3.61). Schroder Income Growth shares last traded at GBX 277 ($3.61), with a volume of 163,418 shares traded.

Schroder Income Growth Trading Down 2.8 %

The company has a 50-day moving average price of GBX 289.25 and a two-hundred day moving average price of GBX 289.03. The stock has a market cap of £192.40 million, a P/E ratio of 1,204.35 and a beta of 0.89. The company has a current ratio of 0.12, a quick ratio of 0.17 and a debt-to-equity ratio of 13.93.

Schroder Income Growth Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 3rd were given a dividend of GBX 6.70 ($0.09) per share. This is a boost from Schroder Income Growth’s previous dividend of $2.50. The ex-dividend date was Thursday, October 3rd. This represents a yield of 2.26%. Schroder Income Growth’s payout ratio is 6,086.96%.

Schroder Income Growth Company Profile

Schroder Income 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 the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors. The fund benchmarks the performance of its portfolio against the FTSE All Share Total Return Index.