Schroder Income Growth (LON:SCF) Reaches New 12-Month High – Here’s What Happened

Schroder Income Growth (LON:SCF)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as GBX 356 and last traded at GBX 354, with a volume of 151968 shares. The stock had previously closed at GBX 354.

Schroder Income Growth Stock Performance

The firm’s fifty day moving average price is GBX 341.65 and its 200-day moving average price is GBX 326.76. The company has a market cap of £239.84 million, a price-to-earnings ratio of 12.00 and a beta of 0.89.

Schroder Income Growth (LON:SCF) last posted its earnings results on Tuesday, November 11th. The company reported GBX 12.55 earnings per share for the quarter. Schroder Income Growth had a return on equity of 17.23% and a net margin of 91.20%.

Insider Activity at Schroder Income Growth

In related news, insider June Aitken purchased 170 shares of Schroder Income Growth stock in a transaction dated Tuesday, November 4th. The stock was bought at an average price of GBX 326 per share, for a total transaction of £554.20. Also, insider Fraser McIntyre acquired 129 shares of the stock in a transaction dated Wednesday, November 12th. The shares were bought at an average cost of GBX 335 per share, with a total value of £432.15. 0.46% of the stock is currently owned by insiders.

Schroder Income Growth Company Profile

– 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.