Schroders plc (LON:SDR) Plans Dividend Increase – GBX 10 Per Share

Schroders plc (LON:SDR) announced a dividend on Thursday, March 6th, DividendData.Co.Uk reports. Shareholders of record on Thursday, March 27th will be given a dividend of GBX 10 ($0.13) per share on Thursday, May 8th. This represents a yield of 3.88%. The ex-dividend date is Thursday, March 27th. This is a 53.8% increase from Schroders’s previous dividend of $6.50. The official announcement can be viewed at this link.

Schroders Trading Up 1.3 %

Shares of Schroders stock opened at GBX 382 ($4.94) on Tuesday. The company has a fifty day simple moving average of GBX 366.16 and a 200-day simple moving average of GBX 343.81. Schroders has a 12-month low of GBX 298.60 ($3.86) and a 12-month high of GBX 428.80 ($5.54). The company has a current ratio of 4.90, a quick ratio of 4.32 and a debt-to-equity ratio of 12.95. The stock has a market cap of £5.93 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 1.28 and a beta of 1.17.

Schroders (LON:SDR) last posted its earnings results on Friday, March 7th. The company reported GBX 26.40 ($0.34) earnings per share for the quarter. Schroders had a return on equity of 8.65% and a net margin of 12.81%. On average, equities analysts forecast that Schroders will post 33.7347131 EPS for the current fiscal year.

Analysts Set New Price Targets

SDR has been the topic of a number of research reports. Royal Bank of Canada raised their target price on shares of Schroders from GBX 395 ($5.10) to GBX 475 ($6.14) and gave the stock an “outperform” rating in a research report on Thursday, March 20th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Schroders from GBX 375 ($4.85) to GBX 400 ($5.17) and gave the company a “hold” rating in a research note on Friday, March 7th.

Insiders Place Their Bets

In other news, insider Richard Oldfield bought 80 shares of Schroders stock in a transaction dated Friday, January 10th. The stock was bought at an average price of GBX 313 ($4.04) per share, for a total transaction of £250.40 ($323.56). 43.09% of the stock is owned by insiders.

Schroders Company Profile

Schroders plc is a publicly owned investment manager. The firm also provides advisory and consultancy services. It provides its services to financial institutions, high net worth clients, large corporate, local authority, charitable entities, individuals, pension plans, government funds, insurance companies, and endowments.