Schroders plc (LON:SDR) Announces Dividend of GBX 10

Schroders plc (LON:SDR) 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 yield of 3.88%. The ex-dividend date is Thursday, March 27th. This is a 53.8% increase from Schroders’s previous dividend of $6.50. The official announcement can be accessed at this link.

Schroders Price Performance

LON:SDR opened at GBX 382 ($4.94) on Tuesday. Schroders has a 52 week low of GBX 298.60 ($3.86) and a 52 week high of GBX 428.80 ($5.54). The stock’s fifty day moving average is GBX 366.16 and its two-hundred day moving average is GBX 343.81. The company has a market capitalization of £5.93 billion, a P/E ratio of 16.68, a P/E/G ratio of 1.28 and a beta of 1.17. 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:SDR) last posted its earnings results on Friday, March 7th. The company reported GBX 26.40 ($0.34) EPS for the quarter. Schroders had a net margin of 12.81% and a return on equity of 8.65%. Equities analysts expect that Schroders will post 33.7347131 EPS for the current year.

Insider Activity

In other news, insider Richard Oldfield acquired 80 shares of Schroders stock in a transaction dated Friday, January 10th. The shares were acquired at an average cost of GBX 313 ($4.04) per share, for a total transaction of £250.40 ($323.56). Company insiders own 43.09% of the company’s stock.

Analyst Ratings Changes

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

About Schroders

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.