Schroders plc (LON:SDR) to Issue Dividend Increase – GBX 10 Per Share

Schroders plc (LON:SDR) announced a dividend on Thursday, March 6th, DividendData.Co.Uk reports. Investors of record on Thursday, March 27th will be paid a dividend of GBX 10 ($0.13) per share on Thursday, May 8th. This represents a yield of 3.88%. The ex-dividend date is Thursday, March 27th. This is a 53.8% increase from Schroders’s previous dividend of $6.50. The official announcement can be accessed at this link.

Schroders Stock Performance

LON SDR traded up GBX 5 ($0.06) on Tuesday, hitting GBX 382 ($4.94). 1,603,375 shares of the company’s stock were exchanged, compared to its average volume of 6,106,793. The firm has a market cap of £5.93 billion, a price-to-earnings ratio of 16.68, a P/E/G ratio of 1.28 and a beta of 1.17. The firm’s 50-day moving average price is GBX 366.16 and its two-hundred day moving average price is GBX 343.81. Schroders has a fifty-two week low of GBX 298.60 ($3.86) and a fifty-two week high of GBX 428.80 ($5.54). The company has a debt-to-equity ratio of 12.95, a current ratio of 4.90 and a quick ratio of 4.32.

Schroders (LON:SDR) last released its quarterly earnings data on Friday, March 7th. The company reported GBX 26.40 ($0.34) earnings per share (EPS) for the quarter. Schroders had a return on equity of 8.65% and a net margin of 12.81%. On average, research analysts expect that Schroders will post 33.7347131 EPS for the current year.

Wall Street Analysts Forecast Growth

SDR has been the topic of several research reports. Deutsche Bank Aktiengesellschaft upped their target price on Schroders from GBX 375 ($4.85) to GBX 400 ($5.17) and gave the company a “hold” rating in a report on Friday, March 7th. Royal Bank of Canada lifted their price target on Schroders from GBX 395 ($5.10) to GBX 475 ($6.14) and gave the company an “outperform” rating in a report on Thursday, March 20th.

Insider Activity

In other Schroders news, insider Richard Oldfield bought 80 shares of Schroders stock in a transaction that occurred on Friday, January 10th. The shares were acquired at an average price of GBX 313 ($4.04) per share, for a total transaction of £250.40 ($323.56). Corporate insiders own 43.09% of the company’s stock.

Schroders Company Profile

Schroders plc is a publicly owned investment manager. The firm also provides advisory and consultancy services. It provides its services to financial institutions, high net worth clients, large corporate, local authority, charitable entities, individuals, pension plans, government funds, insurance companies, and endowments.