Insider Buying: Scottish Mortgage (LON:SMT) Insider Acquires 2,064 Shares of Stock

Scottish Mortgage (LON:SMT) insider Vikram Kumaraswamy acquired 2,064 shares of the business’s stock in a transaction dated Friday, March 28th. The shares were bought at an average price of GBX 964 ($12.48) per share, for a total transaction of £19,896.96 ($25,753.25).

Scottish Mortgage Stock Down 1.9 %

SMT stock opened at GBX 958.60 ($12.41) on Friday. The stock has a market capitalization of £11.72 billion, a PE ratio of 9.84 and a beta of 0.75. Scottish Mortgage has a 52 week low of GBX 733.43 ($9.49) and a 52 week high of GBX 1,142.51 ($14.79). The firm has a 50 day moving average of GBX 1,037.32 and a 200 day moving average of GBX 949.90.

Scottish Mortgage Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be paid a dividend of GBX 4 ($0.05) per share. This is an increase from Scottish Mortgage’s previous dividend of $1.60. This represents a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, March 27th. Scottish Mortgage’s payout ratio is presently 4.10%.

About Scottish Mortgage

Scottish Mortgage is a portfolio of what we believe are the world’s most exciting growth companies. We believe that a few exceptional companies will make a positive impact on shareholders’ returns and society as a whole. Explore our website and you’ll discover what we mean by investing in progress, how we find and support the companies shaping the future, and how you can be a part of it.