STS Global Income & Growth Trust (LON:STS) Announces Dividend Increase – GBX 1.59 Per Share

STS Global Income & Growth Trust (LON:STS) declared a dividend on Wednesday, September 25th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, October 3rd will be given a dividend of GBX 1.59 ($0.02) per share on Friday, October 25th. This represents a yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 3rd. This is an increase from STS Global Income & Growth Trust’s previous dividend of $1.53. The official announcement can be viewed at this link.

STS Global Income & Growth Trust Stock Performance

Shares of STS Global Income & Growth Trust stock opened at GBX 227.90 ($3.05) on Wednesday. The firm’s fifty day simple moving average is GBX 224.92 and its 200-day simple moving average is GBX 219.92. STS Global Income & Growth Trust has a 12 month low of GBX 207 ($2.77) and a 12 month high of GBX 233 ($3.12). The stock has a market capitalization of £296.22 million, a price-to-earnings ratio of 2,071.82 and a beta of 0.43. The company has a debt-to-equity ratio of 4.92, a current ratio of 0.87 and a quick ratio of 0.40.

Insider Activity

In related news, insider Gillian Elcock purchased 4,390 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was acquired at an average price of GBX 228 ($3.05) per share, for a total transaction of £10,009.20 ($13,388.44). Corporate insiders own 26.36% of the company’s stock.

STS Global Income & Growth Trust Company Profile

Securities Trust of Scotland plc is a closed-ended equity mutual fund launched and managed by Martin Currie Fund Management Limited. It is co-managed by Martin Currie Investment Management Limited. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors.