Schroders plc Declares Dividend of GBX 6.50 (LON:SDR)

Schroders plc (LON:SDR) declared a dividend on Thursday, August 1st, Upcoming.Co.Uk reports. Investors of record on Thursday, August 22nd will be given a dividend of GBX 6.50 ($0.08) per share on Thursday, September 26th. This represents a yield of 1.65%. The ex-dividend date is Thursday, August 22nd. The official announcement can be accessed at this link.

Schroders Stock Performance

Shares of SDR stock opened at GBX 347.60 ($4.52) on Wednesday. The stock has a fifty day moving average price of GBX 368.25 and a 200 day moving average price of GBX 376.90. The company has a debt-to-equity ratio of 7.00, a quick ratio of 4.32 and a current ratio of 4.89. The stock has a market cap of £5.60 billion, a PE ratio of 1,496.52, a P/E/G ratio of 1.32 and a beta of 1.22. Schroders has a 1 year low of GBX 327 ($4.25) and a 1 year high of GBX 447.60 ($5.82).

Insider Activity

In other Schroders news, insider Richard Oldfield acquired 75 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was acquired at an average cost of GBX 337 ($4.38) per share, with a total value of £252.75 ($328.42). In related news, insider Richard Oldfield acquired 75 shares of Schroders stock in a transaction dated Monday, August 12th. The shares were acquired at an average cost of GBX 337 ($4.38) per share, for a total transaction of £252.75 ($328.42). Also, insider Elizabeth Corley acquired 40,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average price of GBX 343 ($4.46) per share, with a total value of £137,200 ($178,274.43). Insiders have acquired 40,140 shares of company stock worth $13,770,040 over the last ninety days. 43.09% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Royal Bank of Canada cut their price target on Schroders from GBX 380 ($4.94) to GBX 375 ($4.87) and set a “sector perform” rating for the company in a research note on Tuesday, April 30th.

About Schroders

Schroders plc is a publicly owned investment manager. The firm also provides advisory and consultancy services. It provides its services to financial institutions, high net worth clients, large corporate, local authority, charitable entities, individuals, pension plans, government funds, insurance companies, and endowments.