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

Schroder Income Growth (LON:SCF)’s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-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 changing hands.

Schroder Income Growth Price Performance

The company has a quick ratio of 0.17, a current ratio of 0.12 and a debt-to-equity ratio of 13.93. The firm’s fifty day moving average price is GBX 289.25 and its 200 day moving average price is GBX 289.03. The stock 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 business also recently declared a dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 3rd were paid a GBX 6.70 ($0.09) dividend. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a yield of 2.26%. This is a boost from Schroder Income Growth’s previous dividend of $2.50. Schroder Income Growth’s payout ratio is presently 6,086.96%.

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.