Schroder Oriental Income (LON:SOI) Share Price Crosses Below 50-Day Moving Average – Here’s Why

Shares of Schroder Oriental Income (LON:SOI) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 271.02 ($3.51) and traded as low as GBX 268.35 ($3.48). Schroder Oriental Income shares last traded at GBX 270.65 ($3.51), with a volume of 487,619 shares changing hands.

Schroder Oriental Income Stock Up 0.8 %

The company’s 50-day simple moving average is GBX 271.02 and its two-hundred day simple moving average is GBX 270.64. The firm has a market capitalization of £664.36 million, a P/E ratio of 5,413.04 and a beta of 0.67. The company has a debt-to-equity ratio of 6.09, a current ratio of 0.35 and a quick ratio of 0.41.

Schroder Oriental Income Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 14th will be given a dividend of GBX 6 ($0.08) per share. The ex-dividend date of this dividend is Thursday, November 14th. This is an increase from Schroder Oriental Income’s previous dividend of $2.00. This represents a yield of 2.22%. Schroder Oriental Income’s payout ratio is 24,000.00%.

About Schroder Oriental Income

Schroder Oriental Income Fund Limited is a closed-ended equity mutual fund launched and managed by Schroder Unit Trusts Limited. The fund is co-managed by Schroder Investment Management Limited. It invests in the public equity markets of the Asia Pacific Region, including India and Australia. The fund invests in stocks of companies operating across diversified sectors.