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

Schroder Income Growth (LON:SCF)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 290.82 ($3.78) and traded as high as GBX 293 ($3.80). Schroder Income Growth shares last traded at GBX 290 ($3.77), with a volume of 55,443 shares changing hands.

Schroder Income Growth Price Performance

The company has a market capitalization of £199.56 million, a PE ratio of 5.35 and a beta of 0.89. The stock’s 50 day simple moving average is GBX 290.82 and its 200-day simple moving average is GBX 285.88.

Schroder Income Growth Dividend Announcement

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