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

Schroder Income Growth (LON:SCF)’s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 287.10 ($3.60) and traded as low as GBX 281 ($3.52). Schroder Income Growth shares last traded at GBX 281 ($3.52), with a volume of 67,161 shares traded.

Schroder Income Growth Price Performance

The company has a debt-to-equity ratio of 13.93, a current ratio of 0.12 and a quick ratio of 0.17. The firm has a market capitalization of £196.22 million, a PE ratio of 1,231.20 and a beta of 0.89. The firm has a 50-day simple moving average of GBX 286.60 and a 200-day simple moving average of GBX 289.02.

Schroder Income Growth Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 3rd were paid a GBX 6.70 ($0.08) dividend. This is a positive change from Schroder Income Growth’s previous dividend of $2.50. The ex-dividend date was Thursday, October 3rd. This represents a dividend yield of 2.26%. Schroder Income Growth’s dividend payout ratio is 6,086.96%.

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.