Scottish Mortgage Investment Trust (LON:SMT) Stock Price Crosses Above Fifty Day Moving Average of $644.37

Shares of Scottish Mortgage Investment Trust PLC (LON:SMT – Get Rating) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 644.37 ($8.01) and traded as high as GBX 663 ($8.25). Scottish Mortgage Investment Trust shares last traded at GBX 644.80 ($8.02), with a volume of 2,585,132 shares.

Scottish Mortgage Investment Trust Stock Performance

The firm has a fifty day simple moving average of GBX 643.78 and a 200-day simple moving average of GBX 710.58. The company has a market cap of £9.40 billion, a PE ratio of -122.05 and a beta of 0.70. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 18.15.

Scottish Mortgage Investment Trust Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, July 4th. Investors of record on Thursday, June 1st will be given a GBX 2.50 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, June 1st. This represents a yield of 0.4%. This is an increase from Scottish Mortgage Investment Trust’s previous dividend of $1.60. Scottish Mortgage Investment Trust’s dividend payout ratio (DPR) is presently -73.26%.

About Scottish Mortgage Investment Trust

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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.