Schroder Income Growth (LON:SCF) Share Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Schroder Income Growth (LON:SCF) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 280.20 ($3.43) and traded as low as GBX 271.90 ($3.33). Schroder Income Growth shares last traded at GBX 273 ($3.34), with a volume of 97,821 shares changing hands.

Schroder Income Growth Stock Performance

The company has a market cap of £189.76 million, a price-to-earnings ratio of 1,187.83 and a beta of 0.89. The company has a debt-to-equity ratio of 13.93, a quick ratio of 0.17 and a current ratio of 0.12. The company has a fifty day moving average of GBX 280.20 and a two-hundred day moving average of GBX 286.79.

Schroder Income Growth Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, January 27th. Stockholders of record on Tuesday, December 24th will be issued a dividend of GBX 3.25 ($0.04) per share. This represents a dividend yield of 1.14%. The ex-dividend date of this dividend is Tuesday, December 24th. Schroder Income Growth’s dividend payout ratio (DPR) is currently 6,086.96%.

Insider Activity at Schroder Income Growth

In other Schroder Income Growth news, insider Fraser McIntyre purchased 3,543 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was purchased at an average cost of GBX 281 ($3.44) per share, for a total transaction of £9,955.83 ($12,182.86). 2.62% of the stock is owned by company insiders.

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.