Schroder Income Growth (LON:SCF) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

Schroder Income Growth (LON:SCF)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 290.82 ($3.75) and traded as high as GBX 293 ($3.78). Schroder Income Growth shares last traded at GBX 290 ($3.74), with a volume of 55,443 shares trading hands.

Schroder Income Growth Price Performance

The firm’s 50 day moving average price is GBX 290.56 and its two-hundred day moving average price is GBX 285.68. The firm has a market cap of £187.31 million, a price-to-earnings ratio of 5.02 and a beta of 0.89.

Schroder Income Growth Announces Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 3rd will be given a dividend of GBX 3.25 ($0.04) per share. The ex-dividend date is Thursday, April 3rd. This represents a yield of 1.11%. Schroder Income Growth’s payout ratio is 26.14%.

Schroder Income Growth Company Profile

– 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.