Schroders plc (LON:SDR) Raises Dividend to GBX 10 Per Share

Schroders plc (LON:SDRGet Free Report) declared a dividend on Thursday, March 6th, DividendData.Co.Uk reports. Investors of record on Thursday, March 27th will be paid a dividend of GBX 10 ($0.13) per share on Thursday, May 8th. This represents a dividend yield of 3.88%. The ex-dividend date of this dividend is Thursday, March 27th. This is a 53.8% increase from Schroders’s previous dividend of $6.50. The official announcement can be viewed at this link.

Schroders Trading Up 1.3 %

SDR opened at GBX 382 ($4.94) on Tuesday. The stock has a market cap of £5.93 billion, a PE ratio of 16.68, a PEG ratio of 1.28 and a beta of 1.17. The business has a 50 day moving average of GBX 366.16 and a 200-day moving average of GBX 343.81. Schroders has a 52 week low of GBX 298.60 ($3.86) and a 52 week high of GBX 428.80 ($5.54). The company has a quick ratio of 4.32, a current ratio of 4.90 and a debt-to-equity ratio of 12.95.

Schroders (LON:SDRGet Free Report) last released its earnings results on Friday, March 7th. The company reported GBX 26.40 ($0.34) earnings per share for the quarter. Schroders had a net margin of 12.81% and a return on equity of 8.65%. Equities research analysts predict that Schroders will post 33.7347131 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SDR shares. Deutsche Bank Aktiengesellschaft lifted their price target on Schroders from GBX 375 ($4.85) to GBX 400 ($5.17) and gave the stock a “hold” rating in a research report on Friday, March 7th. Royal Bank of Canada lifted their target price on Schroders from GBX 395 ($5.10) to GBX 475 ($6.14) and gave the stock an “outperform” rating in a report on Thursday, March 20th.

Read Our Latest Analysis on SDR

Insider Buying and Selling

In related news, insider Richard Oldfield purchased 80 shares of Schroders stock in a transaction on Friday, January 10th. The stock was acquired at an average price of GBX 313 ($4.04) per share, for a total transaction of £250.40 ($323.56). 43.09% of the stock is currently owned by corporate insiders.

Schroders Company Profile

(Get Free Report)

Schroders plc is a publicly owned investment manager. The firm also provides advisory and consultancy services. It provides its services to financial institutions, high net worth clients, large corporate, local authority, charitable entities, individuals, pension plans, government funds, insurance companies, and endowments.

See Also

Dividend History for Schroders (LON:SDR)

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