Schroder Oriental Income (LON:SOI) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

Shares of Schroder Oriental Income (LON:SOI) passed 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 trading hands.

Schroder Oriental Income Stock Performance

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

Schroder Oriental Income Increases Dividend

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