Schroder Oriental Income (LON:SOI) Stock Passes Above 50-Day Moving Average – Here’s Why

Schroder Oriental Income (LON:SOI) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 276.35 ($3.48) and traded as high as GBX 281 ($3.54). Schroder Oriental Income shares last traded at GBX 279 ($3.51), with a volume of 454,796 shares.

Schroder Oriental Income Trading Up 0.4 %

The company has a fifty day simple moving average of GBX 276.47 and a two-hundred day simple moving average of GBX 273.42. The company has a market cap of £648.74 million, a PE ratio of 6.11 and a beta of 0.67.

Schroder Oriental Income Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, April 4th. Stockholders of record on Wednesday, January 29th will be issued a GBX 2 ($0.03) dividend. The ex-dividend date is Wednesday, January 29th. This represents a dividend yield of 0.71%. Schroder Oriental Income’s payout ratio is currently 26.28%.

Insider Activity

In other Schroder Oriental Income news, insider Nick Winsor acquired 20,000 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were acquired at an average price of GBX 278 ($3.50) per share, for a total transaction of £55,600 ($69,981.12). Company insiders own 0.02% of the company’s stock.

About Schroder Oriental Income

Asian companies are increasingly world-leading and returning cash to shareholders. The Schroder Oriental Income Fund aims to tap into the Asian income story and help investors diversify their dividends.