Schroder Income Growth (LON:SCF) Hits New 12-Month High – What’s Next?

Schroder Income Growth (LON:SCF)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 312 ($4.22) and last traded at GBX 312 ($4.22), with a volume of 81977 shares traded. The stock had previously closed at GBX 311 ($4.21).

Schroder Income Growth Price Performance

The firm’s 50-day moving average price is GBX 290.70 and its 200-day moving average price is GBX 287.37. The company has a market cap of £217.25 million, a price-to-earnings ratio of 5.83 and a beta of 0.89.

Schroder Income Growth (LON:SCF) last announced its quarterly earnings results on Wednesday, May 14th. The company reported GBX 2.84 ($0.04) earnings per share for the quarter. Schroder Income Growth had a net margin of 91.20% and a return on equity of 17.23%.

Schroder Income Growth Announces Dividend

The business also recently announced a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 3rd were given a GBX 3.25 ($0.04) dividend. This represents a dividend yield of 1.11%. The ex-dividend date of this dividend was Thursday, April 3rd. Schroder Income Growth’s payout ratio is 26.14%.

Insider Activity

In other news, insider Ewen Cameron Watt purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, April 8th. The stock was acquired at an average cost of GBX 263 ($3.56) per share, with a total value of £13,150 ($17,799.13). Insiders own 2.62% of the company’s stock.

About Schroder Income Growth

– 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.