Schroder Income Growth (LON:SCF) Share Price Crosses Above 50 Day Moving Average of $265.26

Schroder Income Growth (LON:SCF) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 265.26 ($3.26) and traded as high as GBX 282.70 ($3.47). Schroder Income Growth shares last traded at GBX 277 ($3.40), with a volume of 73,894 shares traded.

Schroder Income Growth Price Performance

The company has a debt-to-equity ratio of 13.93, a quick ratio of 0.17 and a current ratio of 0.12. The company has a market capitalization of £195.88 million, a price-to-earnings ratio of 1,226.09 and a beta of 0.89. The company has a 50-day moving average price of GBX 265.53 and a 200-day moving average price of GBX 281.53.

Schroder Income Growth Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, November 3rd. Investors of record on Thursday, October 5th were issued a dividend of GBX 6.30 ($0.08) per share. The ex-dividend date was Thursday, October 5th. This represents a yield of 2.31%. This is a boost from Schroder Income Growth’s previous dividend of $2.50. Schroder Income Growth’s payout ratio is currently 6,086.96%.

Insider Buying and Selling at Schroder Income Growth

In other news, insider Fraser McIntyre purchased 173 shares of Schroder Income Growth stock in a transaction dated Tuesday, November 7th. The shares were bought at an average cost of GBX 268 ($3.29) per share, with a total value of £463.64 ($569.37). Insiders own 2.62% of the company’s stock.

About Schroder Income Growth

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.