Schroder Oriental Income (LON:SOI) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

Schroder Oriental Income (LON:SOI) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 277.31 ($3.59) and traded as low as GBX 269 ($3.48). Schroder Oriental Income shares last traded at GBX 271 ($3.51), with a volume of 259,860 shares.

Schroder Oriental Income Stock Performance

The business’s fifty day simple moving average is GBX 277.31 and its 200-day simple moving average is GBX 273.96. The firm has a market capitalization of £630.14 million, a PE ratio of 5.94 and a beta of 0.67.

Schroder Oriental Income Cuts Dividend

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

Insider Buying and Selling at Schroder Oriental Income

In related news, insider Nick Winsor acquired 20,000 shares of the business’s stock in a transaction on Monday, January 13th. The stock was acquired at an average cost of GBX 278 ($3.60) per share, with a total value of £55,600 ($71,918.25). 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.