Scottish American Investment (LON:SAIN) Shares Up 0.6% – Here’s What Happened

The Scottish American Investment Company P.L.C. (LON:SAIN) traded up 0.6% during mid-day trading on Friday . The company traded as high as GBX 512 ($6.65) and last traded at GBX 512 ($6.65). 398,152 shares were traded during trading, an increase of 53% from the average session volume of 261,059 shares. The stock had previously closed at GBX 509 ($6.61).

Scottish American Investment Price Performance

The company’s 50 day simple moving average is GBX 509.34 and its 200 day simple moving average is GBX 509.69. The company has a current ratio of 4.03, a quick ratio of 3.87 and a debt-to-equity ratio of 9.75. The stock has a market capitalization of £913.00 million, a PE ratio of 1,024.00 and a beta of 0.65.

Scottish American Investment Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, August 8th were paid a GBX 3.55 ($0.05) dividend. This is a positive change from Scottish American Investment’s previous dividend of $3.45. This represents a yield of 0.68%. The ex-dividend date was Thursday, August 8th. Scottish American Investment’s dividend payout ratio is presently 2,800.00%.

Scottish American Investment Company Profile

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.