Schroder Income Growth (LON:SCF) Hits New 12-Month High – Here’s Why

Schroder Income Growth (LON:SCF)’s share price hit a new 52-week high on Thursday . The company traded as high as GBX 348 and last traded at GBX 346, with a volume of 110759 shares. The stock had previously closed at GBX 342.

Schroder Income Growth Stock Performance

The stock has a market capitalization of £234.49 million, a price-to-earnings ratio of 11.72 and a beta of 0.89. The firm has a fifty day moving average of GBX 330.85 and a 200-day moving average of GBX 320.63.

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

Insider Activity

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