Scottish American Investment (LON:SAIN) Shares Down 1.4% – Should You Sell?

The Scottish American Investment Company P.L.C. (LON:SAIN) shares traded down 1.4% on Thursday . The stock traded as low as GBX 493 ($6.16) and last traded at GBX 495 ($6.19). 497,347 shares changed hands during mid-day trading, an increase of 82% from the average session volume of 273,373 shares. The stock had previously closed at GBX 502 ($6.27).

Scottish American Investment Trading Down 1.4 %

The stock has a market capitalization of £882.68 million, a P/E ratio of 990.00 and a beta of 0.65. The company has a quick ratio of 3.87, a current ratio of 4.03 and a debt-to-equity ratio of 9.75. The stock’s 50 day moving average price is GBX 508.98 and its 200-day moving average price is GBX 510.40.

Scottish American Investment Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 14th were given a dividend of GBX 3.70 ($0.05) per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a yield of 0.73%. This is an increase from Scottish American Investment’s previous dividend of $3.55. Scottish American Investment’s dividend payout ratio (DPR) is presently 2,800.00%.

About Scottish American Investment

The Scottish American Investment Company P.L.C. is a closed-ended equity mutual fund launched and managed by Baillie Gifford & Co Ltd. The fund is co-managed by Baillie Gifford & Co and OLIM Property Limited. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors.