STS Global Income & Growth Trust (LON:STS) Share Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Shares of STS Global Income & Growth Trust (LON:STS) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 228.27 ($2.96) and traded as high as GBX 237 ($3.07). STS Global Income & Growth Trust shares last traded at GBX 232 ($3.01), with a volume of 291,769 shares changing hands.

STS Global Income & Growth Trust Stock Performance

The company has a current ratio of 0.87, a quick ratio of 0.40 and a debt-to-equity ratio of 4.92. The stock has a market cap of £293.25 million, a price-to-earnings ratio of 2,094.09 and a beta of 0.42. The stock’s 50 day moving average is GBX 228.60 and its two-hundred day moving average is GBX 221.61.

STS Global Income & Growth Trust Increases Dividend

The business also recently declared a dividend, which was paid on Friday, October 25th. Investors of record on Thursday, October 3rd were issued a dividend of GBX 1.59 ($0.02) per share. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a dividend yield of 0.7%. This is a positive change from STS Global Income & Growth Trust’s previous dividend of $1.53. STS Global Income & Growth Trust’s dividend payout ratio (DPR) is currently 6,363.64%.

Insider Activity at STS Global Income & Growth Trust

In related news, insider Gillian Elcock acquired 4,390 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was bought at an average cost of GBX 228 ($2.96) per share, with a total value of £10,009.20 ($12,980.42). 26.93% of the stock is currently owned by insiders.

About STS Global Income & Growth Trust

Securities Trust of Scotland plc is a closed-ended equity mutual fund launched and managed by Martin Currie Fund Management Limited. It is co-managed by Martin Currie Investment Management Limited. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors.