Scottish Mortgage Investment Trust (LON:SMT) Sets New 52-Week High Following Dividend Announcement

Shares of Scottish Mortgage Investment Trust PLC (LON:SMT) reached a new 52-week high during mid-day trading on Friday after the company announced a dividend. The stock traded as high as GBX 946.10 ($12.02) and last traded at GBX 901 ($11.45), with a volume of 1792994 shares traded. The stock had previously closed at GBX 900 ($11.44).

The newly announced dividend which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be issued a GBX 2.64 ($0.03) dividend. The ex-dividend date is Thursday, June 13th. This represents a yield of 0.3%. This is a boost from Scottish Mortgage Investment Trust’s previous dividend of $1.60. Scottish Mortgage Investment Trust’s dividend payout ratio (DPR) is -769.23%.

Scottish Mortgage Investment Trust Stock Up 0.1 %

The company has a debt-to-equity ratio of 15.37, a current ratio of 0.16 and a quick ratio of 0.53. The stock has a market capitalization of £12.43 billion, a PE ratio of -1,732.69 and a beta of 0.75. The company has a 50 day moving average price of GBX 865.35 and a 200-day moving average price of GBX 799.85.

About Scottish Mortgage Investment Trust

Scottish Mortgage Investment Trust PLC is a closed-ended equity mutual fund launched and managed by Baillie Gifford & Co Ltd. The fund is co-managed by Baillie Gifford & Co It invests in public equity markets of countries across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors.