Schroder Income Growth (LON:SCF) Share Price Passes Below 50-Day Moving Average – What’s Next?

Schroder Income Growth (LON:SCF)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 289.25 ($3.77) and traded as low as GBX 277 ($3.61). Schroder Income Growth shares last traded at GBX 277 ($3.61), with a volume of 163,418 shares trading hands.

Schroder Income Growth Trading Down 2.8 %

The stock’s fifty day simple moving average is GBX 289.25 and its 200-day simple moving average is GBX 288.94. 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 cap of £192.40 million, a PE ratio of 1,204.35 and a beta of 0.89.

Schroder Income Growth Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 3rd were given a GBX 6.70 ($0.09) dividend. This represents a dividend yield of 2.26%. This is an increase from Schroder Income Growth’s previous dividend of $2.50. The ex-dividend date was Thursday, October 3rd. Schroder Income Growth’s dividend payout ratio is presently 6,086.96%.

Schroder Income Growth Company Profile

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.