Scottish American Investment (LON:SAIN) Stock Price Down 0.1% – Here’s Why

The Scottish American Investment Company P.L.C. (LON:SAIN) shares dropped 0.1% during mid-day trading on Friday . The company traded as low as GBX 493.50 ($6.03) and last traded at GBX 494.32 ($6.04). Approximately 4,532,082 shares changed hands during mid-day trading, an increase of 341% from the average daily volume of 1,026,900 shares. The stock had previously closed at GBX 495 ($6.04).

Scottish American Investment Stock Down 0.1 %

The company has a quick ratio of 3.87, a current ratio of 4.03 and a debt-to-equity ratio of 9.75. The company has a fifty day simple moving average of GBX 504.55 and a 200-day simple moving average of GBX 508.75. The firm has a market cap of £881.47 million, a P/E ratio of 988.64 and a beta of 0.65.

Scottish American Investment Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 14th were paid a dividend of GBX 3.70 ($0.05) per share. This is a boost from Scottish American Investment’s previous dividend of $3.55. The ex-dividend date was Thursday, November 14th. This represents a dividend yield of 0.73%. Scottish American Investment’s payout ratio is 2,800.00%.

Insider Buying and Selling at Scottish American Investment

In related news, insider Nicholas Macpherson GCB bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was purchased at an average price of GBX 492 ($6.01) per share, for a total transaction of £24,600 ($30,036.63). Insiders own 1.07% of the company’s stock.

About Scottish American Investment

The Trust aims to be a core investment for private investors seeking income. Its objective is to grow the dividend at a faster rate than inflation by increasing capital and growing income. The focus of the portfolio is on global equities but investments are also made in bonds, property and other asset types.