Schroder Oriental Income (LON:SOI) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

Shares of Schroder Oriental Income (LON:SOI) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 271.02 ($3.51) and traded as low as GBX 268.35 ($3.48). Schroder Oriental Income shares last traded at GBX 270.65 ($3.51), with a volume of 487,619 shares changing hands.

Schroder Oriental Income Price Performance

The company has a debt-to-equity ratio of 6.09, a quick ratio of 0.41 and a current ratio of 0.35. The stock has a 50 day moving average of GBX 270.96 and a two-hundred day moving average of GBX 270.64. The firm has a market capitalization of £664.06 million, a P/E ratio of 5,440.00 and a beta of 0.67.

Schroder Oriental Income Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 14th will be given a dividend of GBX 6 ($0.08) per share. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from Schroder Oriental Income’s previous dividend of $2.00. This represents a dividend yield of 2.22%. Schroder Oriental Income’s payout ratio is currently 24,000.00%.

About Schroder Oriental Income

Schroder Oriental Income Fund Limited is a closed-ended equity mutual fund launched and managed by Schroder Unit Trusts Limited. The fund is co-managed by Schroder Investment Management Limited. It invests in the public equity markets of the Asia Pacific Region, including India and Australia. The fund invests in stocks of companies operating across diversified sectors.