Schroder Oriental Income (LON:SOI) Stock Crosses Above Fifty Day Moving Average – Time to Sell?

Schroder Oriental Income (LON:SOI) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 276.35 ($3.48) and traded as high as GBX 281 ($3.54). Schroder Oriental Income shares last traded at GBX 279 ($3.51), with a volume of 454,796 shares changing hands.

Schroder Oriental Income Price Performance

The business’s fifty day simple moving average is GBX 276.35 and its two-hundred day simple moving average is GBX 273.39. The company has a market cap of £648.74 million, a PE ratio of 6.11 and a beta of 0.67.

Schroder Oriental Income Cuts Dividend

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

Insider Transactions at Schroder Oriental Income

In related news, insider Nick Winsor bought 20,000 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was acquired at an average price of GBX 278 ($3.50) per share, with a total value of £55,600 ($69,981.12). Corporate insiders own 0.02% of the company’s stock.

Schroder Oriental Income Company Profile

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.